schroders

Schroders has beaten analysts' expectations to post 18% growth in pre-tax profits in the third quarter of the year.

The board of the Schroder UK Growth trust has retained the fund house to run the portfolio following a beauty parade - but the company's investment style will no longer follow the group's 'business cycle' process.

The sudden market falls seen in the six weeks to mid-October took many by surprise. Here we identify ten equity funds in the Targeted Absolute Return sector which produced positive performance over the period.

Giles Money, manager of the Schroders global climate change strategy, is leaving the group amid a reshuffle of the global and international equities team.

Former Schroders manager Julie Dean is to join former Cazenove colleagues Chris Rice and Tim Russell at Sanditon Asset Management.

Start-up fund house Sanditon Asset Management has recruited a senior investment director to assist Chris Rice across his core European funds.

'We will never be reliant on our platform'

Regulation

Schroder UK Opportunities is understood to have seen outflows totalling 30% of assets since Julie Dean resigned on 8 September and handed the portfolio to Matt Hudson.

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