Threadneedle's Dan Vaughan has taken over as chief of the UK Smaller Companies fund after the departure of Bill Barker to Pictet Asset Management.
Previously deputy to Barker, Vaughan will continue to run the firm’s £977m small-cap life and pensions mandates, as well as heading UK smaller companies.
The promotion means Jonathan Barber, Threadneedle’s UK Monthly Income fund manager, will assume the UK smaller companies deputy position.
“Vaughan has been a fund manager working close together (with Barker) for three years,” a Threadneedle spokesperson says.
“I wouldn’t expect very much to change; as he knows the team and he knows the stocks.”
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