M&G's Bailey hands small-cap fund to ex-Cazenove manager

M&G's Simon Bailey is relinquishing control of the £169m Smaller Companies fund next month after almost a decade running the vehicle.

Bailey, who is set to develop a new role within the group's global equities team, will hand over the fund to former Cazenove small cap manager Louise Nash. Nash, who joined M&G two years ago, has been working closely with Bailey and expects to make limited changes to the portfolio. "Simon has done an excellent job on the M&G Smaller Companies fund since taking on the fund in 2001 and has now decided to pursue a fresh challenge with the global equities team," M&G head of retail investment management Dave Fishwick. "Louise is ideally placed to take over from Simon, having worked side...