Schroders have appointed Luke Biermann as manager of the Schroder UK Dynamic Smaller Companies Fund with immediate effect. He will work closely alongside existing managers Paul Marriage and John Warren until they leave Schroders in September to set up their own boutique fund management business. The fund was removed from the Wealth 150 earlier this month on the news of their departure.
Luke Biermann has managed the Schroder European Smaller Companies Fund for five years. The fund performed well over his tenure and our analysis suggests the manager added value through his strong stock selection over this time, although we consider this to be a relatively short track record. Luke Biermann also does not have experience of running a fund dedicated to UK smaller companies. We are therefore not considering the fund for re-admission to the Wealth 150 list of our favourite funds across the major sectors at this time. We will monitor the fund under its new management and keep investors informed if our views change. Past performance is not a guide to future returns.