Standard Life Investments' Harry Nimmo has stepped down from running the Scottish Widows HIFML UK Smaller Companies Alpha fund as the group moves the management in-house.
Small-cap star Harry Nimmo has revealed his investment trust took a hit from the sharp sell-off in online clothes retailer ASOS in the last six months of 2011.
Standard Life Investments' UK Smaller Companies fund, run by Harry Nimmo, is set for a boost as ASOS shares jumped 12% this morning after international sales grew 93% last year.
Standard Life Investments' Harry Nimmo is set to run a significantly overweight position in the UK when his Global Smaller Companies fund launches on 18 January.
Standard Life Investments' Harry Nimmo has admitted he made a "huge mistake" offloading his holding in Supergroup last month and is looking to buy back into the stock.
Standard Life Investments is looking to combine its global equity and small cap capabilities by launching a global small-cap fund for star manager Harry Nimmo.
Standard Life Investments has pushed back the soft-closure of Harry Nimmo's £1.1.bn UK Smaller Companies fund to the end of August, after initially planning to cap the fund on 27 June.
Standard Life's Harry Nimmo is predicting UK small caps will rise 10% in 2011, driven by emerging markets.