The board of the £259m Schroder UK Growth investment trust is set to terminate its relationship with the group, removing Philip Matthews as manager and handing the portfolio to Baillie Gifford's Iain McCombie and Milena Mileva.
The investment company will be rebranded under Baillie Gifford and although there will be no change to the investment objective, the portfolio will be reshaped to invest in a ‘best ideas' portfolio with...
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