New Model Adviser - For Professional Investors

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

Harry Nimmo steps back from global small cap fund

Harry Nimmo steps back from global small cap fund

Veteran small-cap investor Harry Nimmo (pictured) has stepped down from the global smaller companies fund he launched for Standard Life Investments four years ago.

Full responsibility for the £391 million Standard Life Inv Global Smaller Companies fund passes to co-manager Alan Rowsell, who has worked on the fund with Nimmo since its launch in January 2012. 

The fund has returned 22% and 33.3% over one and three years versus a sector average of 20.9% and 37%, respectively. 

The move will allow Nimmo to concentrate on the £1.2 billion UK Smaller Companies fund and Standard Life UK Smaller Companies (SLS) investment trust. 

Hargreaves Lansdown analyst Heather Ferguson did not anticipate any significant changes to the fund, which remains on the broker's 'Wealth 150' list of favourite funds.

'This fund remains one of our favoured ways to access the wealth of opportunity among global smaller companies,' she said.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Related Fund Managers

Alan Rowsell
Alan Rowsell
1/34 in Equity - Global Small & Medium Companies (Performance over 3 years) Average Total Return: 63.10%
Harry Nimmo
Harry Nimmo
13/47 in Equity - UK Smaller Companies (Performance over 3 years) Average Total Return: 62.39%
Comment & analysis