Neil Basten has been appointed manager of the £195m Dresdner RCM UK Smaller Companies unit trust, fo...
Neil Basten has been appointed manager of the £195m Dresdner RCM UK Smaller Companies unit trust, following the departure in July of the fund's manager Andrew Impey.
Basten is joining the group from Norwich Union where he ran the UK Smaller Companies fund since 1997.
Over the three years to 9 August the frA rated Oeic fund is ranked 16 out of 69 in the UK Smaller Companies peer group. During the period it rose by 118.7% compared to an average rise of 87.2%.
In contrast over the same period the Dresdner unit trust is ranked 20 rising by 108.2% offer to bid.
Basten will take charge of the Dresdner fund next month, while Neil Hermon will run the Norwich Union fund in light of his departure.
Hermon is a fund manager at Morley Fund Management.
Since Andrew Impey departed to join Beeson Gregory, the Dresdner fund has been run by Derek Lygo who also manages the group's UK mid-cap portfolios.
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