Van der Klugt named as McVeigh successor

Humphrey Van der Klugt will run the £480m Schroder Income fund following the resignation last week...

Humphrey Van der Klugt will run the £480m Schroder Income fund following the resignation last week of Ian McVeigh, who is leaving the group to set up a hedge fund. Van der Klugt currently manages the A-rated £880m Schroder UK Equity fund. Chief investment officer David Gasparro said the group will review the resources he has in terms of managing money to ensure he has a manageable workload. McVeigh's resignation will also trigger management changes in one other fund, the £4m Schroder UK Active Value fund, and two investment trusts, Schroder Income Growth and the recently launched Sc...