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Manager of £2.8bn Schroders global maximiser fund exits

Manager of £2.8bn Schroders global maximiser fund exits

Equity income specialist Ian Kelly is set to leave Schroders after more than a decade with the firm.

Kelly was a manager on the blockbuster $4 billion (£2.8 billion) Schroders’ Global Dividend Maximiser fund, and had roles on two other Schroders funds.

Simon Adler and Nick Kirrage will take over from Kelly on the Global Dividend Maximiser fund and work alongside existing managers Andrew Lyddon, Mike Hodgson and Andrew Evans, while taking over on his other funds.

In a statement, a Schroders spokesperson said Kelly had left to pursue opportunities outside the firm.

The spokesperson added that the investment process of his former funds will remain unchanged following his departure.

Kelly joined Schroders as an analyst in 2007 and has spent his entire career with the firm.

The Global Maximiser fund has generated a total return of 31.9% over three years to February 2018 according to Citywire data, marginally ahead of the sector average of 29.3%.

The slight reshuffle comes after Schroders handed its near £1 billion (£982 million) Schroder UK Alpha Plus fund to two new hires from Janus Henderson, Bill Casey and Nick Kissack, who joined on 5 February.

Philip Matthews, who previously ran the fund, is focusing his efforts on solely managing his other fund the Schroder UK Growth.

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