Schroders UK small-cap manager Paul Marriage has said the company is considering reopening his Absolute UK Dynamic fund after assets fell to a more manageable level.
The fund was hard-closed by the group last November in order to protect performance, Schroders UK intermediary sales head Robin Stoakley saying the then-£350m product was "at capacity". Assets in the primarily small-cap portfolio have since fallen to £260m, however, and Marriage (pictured) said asset falls across his wider long/short strategy is prompting a rethink. "This year has been a tough one for the strategy and we are working ever harder to improve performance; given we have now returned around £250m in our long/short funds back to investors, we are also actively considering re...
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