Old Mutual plans active UK smaller caps launch

By Robert Stock Old Mutual Fund Managers is to launch an actively managed UK smaller companies fund to be run by Ashton Bradbury, one of the team of lead fund managers secured from Hill Samuel. Old Mutual Fund Managers will formerly announce the planned launch this week, although it is a move that has been expected ever since Bradbury, whose previous track record with Hill Samuel and HSBC made him a star name, joined the group. Bradbury, who launched the HSBC UK Smaller Companies Fund in 1996, said at least 80% of the portfolio would invest in companies with market caps of around £800m. ...