Schroders' Biermann appointed UK Smaller Companies manager following Marriage exit

Last week, Schroders announced it has agreed in principle for  BennBridge - a fund distributor set up last year to partner asset managers - to become investment manager of both the UK UCITs and non-UCITs versions of its UK Dynamic Absolute Return funds, subject to regulatory approval and due diligence. Fund managers Marriage and Warren are set to transition to BennBridge in the fourth quarter of 2017, where they will continue to manage both strategies. The investment objectives of the funds, which hold a combined £380m under management, will not change as a result. They will set up th...