Schroders is launching an onshore version of the ISF Global Recovery fund for Nick Kirrage, Kevin Murphy and Andrew Lyddon.
It will mirror the investment philosophy of the offshore fund, launched in 2013, and the onshore Schroder Recovery fund, managed by Kirrage and Murphy since 2006. The fund, set to launch on 30 October, will focus on investing in global equities with classic recovery characteristics. Kirrage and Murphy will continue to manage the existing £743m Schroder Recovery fund. Many managers, including those at Templeton Global Equity Group and Momentum, have said value investing could be poised for a turnaround, provided interest rates rise around the globe. Lyddon, co-manager on the fund...
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