Mirabaud Asset Management’s specialist European small and mid cap fund manager Ken Nicholson is to retire later this year.
The pair both joined the Swiss-owned asset manager in August 2015. Nicholson previously made his name at Standard Life Investments, where he spent 13 years and managed the consistently outperforming SLI Glo Sicav European Smaller Companies fund. Fitzgerald joined from Credit Suisse, where he was a sell-side broker.
At Mirabaud Citywire + rated Nicholson’s numbers have continued to impress with the £82 million Equities Europe ex UK Small and Mid fund up 13.9% over 12 months, compared to the sector average return of 3.3%, ranking it 2/129 in the peer group.
The €121 million (£106 million) Equities Pan Europe Small and Mid fund has risen by 13.5% versus its sector average of 8.3%, ranking it 40/237.
Mirabaud AM said in a statement: ‘We can confirm that Ken Nicholson, lead manager of the Mirabaud – Equities Pan Europe Small and Mid Cap and Europe ex-UK Small and Mid Cap funds will be retiring later this year.
‘Ken provided us with a long notice period in order to help facilitate a smooth transition of responsibilities as we work hard to ensure we have the best solution for our clients going forward.
‘During this interim period, Ken continues to co-manage the funds with Trevor Fitzgerald, who is the deputy-manager. Both Ken and Trevor have worked closely together since November 2015.’