Simon Knott to retire as Rights and Issues passes to Jupiter's Dan Nickols

Steps back after 39 years

Rights and Issues veteran Simon Knott will retire in September 2022 after four decades running the UK smaller companies trust, with management of the vehicle passing to Jupiter Unit Trust Managers.

Dan Nickols will take on lead management of the fund, supported by Matt Cable, as the trust abandons its current structure as a self-managed alternative investment fund from 1 September. David Bramwell, the trust's chair, said: "Simon has produced outstanding returns for shareholders over the period of his tenure, with the net asset value per share of the company increasing 10,371% compared with a return of the FTSE All-Share index of 610%. "We are very pleased that Simon will remain a non-executive director of the company following his retirement as investment manager. At the same ti...