Schroders' duo Casey and Kissack make 'wholesale changes' to UK Alpha Plus

'Style of the fund has changed dramatically'

Schroders' Bill Casey and Nick Kissack have turned over 60% of the flagship UK Alpha Plus fund since taking over the mandate on 1 March.

The managers, who joined Schroders from Janus Henderson Investors on 5 February, made "wholesale changes" in the first three weeks of assuming control of the £920m mandate from previous manager Philip Matthews, shifting away from small and mid caps to a larger capitalisation bias, investing in companies with a minimum market cap of £1.5bn-£2bn. A bottom-up approach with a thematic blend has also been implemented and the value bias ditched. Schroders appoints private equity veteran Buffini to board "The style of the fund has changed dramatically," Casey (pictured left) said. "We foc...