Cazenove to merge UK Opps and UK Dynamic in May

Cazenove Capital has confirmed it is merging its £69m UK Dynamic fund into its £62m UK Opportunities fund, both run by Julie Dean, next month.

The merger of UK Dynamic into the enlarged UK Opportunities fund is due to be completed by end of May, pending shareholder approval. Dean, who will run the merged fund, has been at the helm of UK Opportunities since December 2002. She took on the management of UK Dynamic in April 2010 after Neil Pegrum left to join George Soros's hedge fund group. Since taking responsibility for the UK Dynamic, Dean has brought the portfolio into line with her existing fund, and the merger is the final stage in this process. Robin Minter-Kemp, head of investment funds, said: "We expect the enlarged...