Rathbones confirms Evershed replacement

Rathbones has confirmed Carl Stick's appointment as permanent manager of the UK Special Situations fund, replacing Patrick Evershed. Along with Special Situations, Stick now manages the Income, Smaller Companies and, on a temporary basis, Capital Growth. Peter Pearson Lund, managing director of Rathbones Unit Trust Management, said the performance of the funds proved Stick was more than able to cope and the actual overall pot of money he manages is only around £130m. The group is also actively seeking to bolster its UK team by appointing a senior fund manager. Pearson Lund said: 'We...