Citywire AA-rated Kenneth Nicholson has resigned from Standard Life Investments after a 13-year spell.
Nicholson is one of the most consistent outperformers in his European small cap equity sector and claims a top-10 position over one, three and five years on an absolute return basis.
This is based on the returns of the SLI Glo SICAV European Smaller Companies fund, which Nicholson has run since it was launched in September 2007.
He will remain with the firm for a transitionary period to aid the SLI small cap team, which is overseen by Harry Nimmo, to manage the €352 million fund.
A spokesperson for SLI said there is no definite timeframe for Nicholson's departure, but confirmed he will leave the company. It has not been revealed whether Nicholson intends to stay within the fund management industry.
Nicholson’s best period of outperformance is over the five years to the end of March 2014. During this timeframe he returned 253.6% while the fund’s benchmark, the MSCI Europe Small Cap TR EUR, rose 221%.
Prior to joining Standard Life Investments in 2001, Nicholson had previously worked for Franklin Templeton and Aegon.