Dean wins battle to run Buxton's Schroder UK Growth trust

The board of the Schroder UK Growth trust has opted to hand over the management of the trust to Cazeonove's Julie Dean, who is joining Schroders imminently.

Dean (pictured) will take over the trust after Richard Buxton moves to Old Mutual Global Investors (OMGI), following a behind the scenes battle for control of the £300m mandate. Dean will assume managerial responsibilities once Schroders have completed its acquisition of Cazenove Capital in July, the trust's board said today. The board said it was impressed with Dean's consistent performance and pragmatic approach to investment.  "Julie avoids style or size bias within the portfolios she currently manages and the same approach will be taken in relation to the company's portfolio," ...