SLI poaches First State's Trenchard

The development follows April's announcement that Paul Jourdan, manager of the First State British Smaller Companies fund and AIM VCT, had left to join Noble Fund Managers. He continues to run the smaller companies fund on behalf of his former employer. SLI said it was in talks with First State over whether it could take on the £19m of assets in Trenchard’s former British Opportunities fund. A spokesman for First State said it remained to be seen whether an agreement would be reached or whether it would take the form of a similar deal to that of the smaller companies fund or with...