Schroders changes tack

Adriaan de Mol Van Otterloo has altered 40% of the Schroder European fund since he took over from Mark Pignatelli in September last year. While Pignatelli, who is now chief investment officer at Schroders, ran the fund on a top-down macroeconomic basis, de Mol Van Otterloo favours a more bottom-up fundamental driven approach and has made a number of changes to the portfolio's holdings as a result. Whereas Pignatelli chose stocks on a more technical analysis basis, de Mol Van Otterloo is more interested in the management of a company, its valuation and the business in which it operates,...