Wealth Manager - the site for professional investment managers

Register for full access to Citywire’s Fund Manager database, news and analysis. Registration is free and only takes a minute.

Schroders hands Howard-Spink’s £1bn fund to Sym

Schroders hands Howard-Spink’s £1bn fund to Sym

Leon Howard-Spink will relinquish management of the Schroder European Alpha Plus fund from 1 June.

The £1 billion fund will be handed to James Sym, with Howard-Spink (pictured) to focus solely on running pan-European portfolios.

‘James has a very strong track record, an unconstrained investment approach consistent with client expectations for an Alpha Plus fund, and is already well known in the UK,’ said Peter Harrison, head of investment at Schroders.

‘Leon fully supports this decision which is consistent with his desire to focus his efforts on managing his pan-European equity portfolios.’

Over the past three years European Alpha Plus has returned 18.3%, lagging both the FTSE World Series Europe ex-UK index’s 22.6% and the peer group average of 26.2%.

Sym’s £333 million European Alpha Income fund, which he has steered since November 2012, returned 39.1% last year compared with a sector average of 25.9%. He will continue to head the fund after taking on European Alpha Plus.

Cazenove alumnus Sym will employ the group’s business cycle philosophy in running European Alpha Plus, which will otherwise remain a high conviction, unconstrained and concentrated fund.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Investment Pulse: the highs and lows of 2014

Investment Pulse: the highs and lows of 2014

This week's Investment Pulse looks back at some of the biggest stories of the year as well as looking forward to 2015.

Play Inside ETFs: Why the US bull-run still has legs

Inside ETFs: Why the US bull-run still has legs

Global equities suffered a sharp sell-off in the third quarter but exchange traded fund investors are continuing to back the US to outperform in 2015

Play Paul Niven: I won't rip up the Foreign & Colonial Trust history book

Paul Niven: I won't rip up the Foreign & Colonial Trust history book

The newly appointed manager of the Foreign & Colonial trust talks about his plans for UK's oldest investment company.

Your Business: Cover Star Club

Manchester wealth firm hires Coutts director for London launch

Manchester wealth firm hires Coutts director for London launch

Former Coutts director Tony Robinson has joined Chartered Wealth Management to head the company’s newly opened London office.

Wealth Manager on Twitter