Alice Rider has taken over as manager of Framlington Continental Smaller Companies unit trust, write...
Alice Rider has taken over as manager of Framlington Continental Smaller Companies unit trust, writes James Thorneley.
Rider replaces Sarah Young who left the group last week to join Schroders on the venture capital side.
Six months ago Rider started to work alongside Young on the fund, as well as retaining her other responsibility of managing a pan-European smaller companies fund for institutional investors.
According to Neil Birrell, head of pan-European equities, the fund's performance has picked up since Rider started to get involved with the portfolio.
Over the three months to 31 May the £22.7m fund outperformed the Standard & Poor's European Smaller Companies peer group.
During the period it is ranked five out of 15 falling by 7.9% on an offer to bid basis compared to an average fall of 12.7%. Over three years the fund under performs the sector rising by 117.3% compared to an average rise of 123.7%.
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