schroders

Schroders has hard-closed Paul Marriage's Cazenove UK Smaller Companies fund following a wave of inflows into the product which saw it breach the £1bn mark.

THE BIQ QUESTION

Ryan Hughes is planning to increase exposure to Europe in the Apollo multi-asset portfolios in one of his first asset allocation moves since joining the firm.

Sales of equity funds are on track to reach their highest level since 2000, with net sales of £8bn in the first nine months of 2013.

Schroders has moved to hard close Paul Marriage's popular long/short Cazenove Absolute UK Dynamic fund in order to preserve performance.

Schroders recorded third quarter pre-tax profits of £121.6m, it said today, a 37% increase from £88.6m in Q3 2012, as the impact of the acquisition of Cazenove boosted its numbers.

PROPERTY

Our best read story this week was Halloween-themed, as we revealed the ten scariest stocks in the UK, guaranteed to give you nightmares.

Schroders' head of property investment William Hill is to step down after 25 years, handing his responsibilities to Duncan Owen.

Schroders head of global and international equities Virginie Maisonneuve is to exit the group to join PIMCO.