Threadneedle boosts UK equities team

Threadneedle has hired Barings' James Thorne to its UK smaller companies team as part of a trio of new additions to boost its UK equities division.

Thorne takes on responsibility for Threadneedle's £126.1m Smaller Companies OEIC in place of Dan Vaughan, who will remain head of UK Small Cap. He will be replaced as manager of the £32m Barings UK Smaller Companies trust by head of mid and small cap Nick Williams while a review into the future of the fund is completed. Threadneedle has also poached Equity Income and Growth fund manager Richard Colwell from Aviva to help boost its equity team. He will be replaced by Alex Wroe and Braydon Barcham. Threadneedle's hires follow its announcement at the end of last year that Schroder UK ...