The manager of the £41m Marlborough UK Leading Companies fund has taken small-cap exposure to its highest level since 2007, attracted by growth prospects and exposure to emerging markets.
In the latest Conjecture debate, our panelists from Legg Mason, Standard & Poor's and Threadneedle discussed US Small Caps.
Standard Life's Harry Nimmo is predicting UK small caps will rise 10% in 2011, driven by emerging markets.
Invesco Perpetual plans to merge its two UK smaller companies funds following the departure of Andy Crossley at the end of the year.
Royce & Associates co-CIO Whitney George believes markets are entering a ‘supercycle' in M&A activity, as the subdued economic environment forces companies to attempt to acquire growth.
Whitney George, who oversees $30bn at US small-cap specialist Royce, has taken a position in Jupiter on the view asset managers will thrive as the developed world looks to increase savings.
George Luckraft's Framlington Innovative Growth trust faces liquidation after investors representing more than 50% of its shares opted for a cash exit.
Cazenove has appointed John Warren from UBS to work alongside small and mid-cap manager Paul Marriage.