Rothchilds is looking to launch a UK mid-cap fund, to be run by Nicholas Malins-Smith, who joins the...
Rothchilds is looking to launch a UK mid-cap fund, to be run by Nicholas Malins-Smith, who joins the group this week.
Malins-Smith previously worked at Friends Ivory & Sime (FIS), where he ran the Isis UK Smaller Companies Oeic sub-fund. At Rothschilds, he has a brief to manage the Five Arrows UK Smaller Companies fund.
Nick Hodgson, head of retail at Five Arrows, said Malins-Smith's first task will be to improve the performance of the smaller companies fund which, over three years to 9 January, was ranked 61 out of 68 in the UK Smaller Companies sector, returning 8.6% on an offer-to-bid basis, compared to the sector average 39.3%.
Hodgson said: 'Given Malins-Smith's experience in mid-cap at FIS, launching a fund for him to run in that area is something we are looking at.'
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