SLI readies global small-cap fund for Nimmo

Standard Life Investments is looking to combine its global equity and small cap capabilities by launching a global small-cap fund for star manager Harry Nimmo.

The Global Smaller Companies fund, slated for launch in Q1 2012, will act as a complement to, rather than a replacement for, the soft-closed £1.3bn UK Smaller Companies fund on which Nimmo has built his reputation. The new offering would mark the first time Nimmo has invested on a global basis, giving him the ability to select stocks across both developed and emerging markets. It is believed the fund would hold between 40 and 80 stocks, similar to Nimmo's UK small-cap fund. Nimmo has managed that fund since inception in 1997, and also runs the £177m UK Smaller Companies trust as well ...