schroders

Fund buyers weigh up replacements for Dean’s distinctive business cycle approach

The discount on Julie Dean's Schroder UK Growth investment trust has jumped sharply in the last few days following the announcement of her exit from the group.

Whitechurch Securities has moved to sell clients' positions in the Schroder UK Opportunities fund following Julie Dean's exit from the group.

Schroders is planning to change the investment remit of its UK Absolute Target fund to a pan-European mandate following the departure of co-manager Julie Dean, Investment Week understands.

Julie Dean, lead manager on the Schroders UK Opportunities fund, is leaving the company and handing over her fund to Matt Hudson.

CF Miton UK Value Opportunities

Online wealth manager Nutmeg is aiming to treble its user base in the coming months as it seeks to get up to scale after posting a loss for 2013.

Old Mutual Global Investors' Richard Buxton is considering buying Tesco for the first time in four years, as managers investigate a contrarian opportunity in the stock despite the spectre of dividend cuts.

INVESTMENT TRUSTS

Schroders is set to merge its Global Climate Change fund into the QEP Global Core fund at the end of September.