Lygo concentrating on retail funds

By Robert Stock Derek Lygo, manager of the Dresdner RCM UK Mid Cap Trust, hit the news in September when he took over as named manager on the UK Growth Trust after the departure of Justin Seager to Jupiter. Lygo, who has been an institutional UK balanced fund manager for 16 years, began running the UK Mid Cap Trust in 1997, growing the fund from £12m to more than £185m. The UK Mid Cap Trust achieved offer to bid returns of 54.5% and 142.2% over the 12 months and three years to 20 September according to Standard & Poor's. It is ranked of 7 of 302 funds and 5 out of 231 funds in the UK All...