Investec curbs inflows into Rodrigs' small-cap fund

Investec Asset Management has moved to limit inflows into its award-winning UK Smaller Companies fund, run by Phil Rodrigs.

The group will stem inflows in order to protect the performance of the fund, after it swelled to nearly £500m in size. The portfolio, which currently has £460m under management, has grown sharply since last summer, having been just £308m in size last August. While Investec has not soft-closed the portfolio, it is understood to have stopped promoting the fund, and is discouraging new investment. Under Rodrigs' stewardship, the fund - which uses the group's 4Factor process - has shot to the top of the UK Smaller Companies sector, rivalling established names including Standard Life In...