Flexible style offers advantages

Tom Carroll is the third manager of the £450m Schroder UK Enterprise fund in three years. He took over in April 2001, coming from a background in institutional fund management at Schroders and M&G. His predecessors on Schroder UK Enterprise, which has underperformed in recent times, are Philip Hardy and Jim Cox. In the 12 months to 12 December, the fund is ranked 204 out of 285 funds in the UK All Companies sector, with an offer to bid loss of 21.1% compared to the sector average of 18.3%. Over the three years to the same date, it is ranked 136 out of 244 funds, with a negative return of ...