Threadneedle European manager Jones departs

Threadneedle has handed three European equity funds to other managers following the departure of portfolio manager Rob Jones.

Ann Steele will take on the £102m Pan European portfolio, while Dan Ison, the head of pan European equities, will run the £12m Pan European Equity Dividend fund and an institutional mandate. Threadneedle says Ison has managed parallel funds for the group for the past year, including the institutional Accelerando fund, and has also been involved with Jones' funds in his role as deputy manager. Jones has spent the last 14 years working for Threadneedle, first as UK manager before moving to the Pan European team. He is leaving to join Union Bancaire Privée. Steele joined Threadneedle ...