abrdn US small cap fund placed under review by Morningstar following manager departure

Timothy Skiendzielewski

abrdn’s US Small Cap Equity fund has been placed under review by Morningstar after its lead manager Timothy Skiendzielewski left the firm.

Skiendzielewski, who became a manager on the fund in July 2019, left the firm on 4 June "for another opportunity", an abrdn spokesperson told Investment Week. Morningstar analyst Eric Schultz said that following Skiendzielewski's "unexpected" exit, the fund had been placed under review, stating that a "new, untested lead manager and significant personnel turnover warrant caution". abrdn begins £150m share buyback programme Last year, former lead manager and former head of US equities at abrdn Ralph Bassett and Jason Kotik departed from abrdn after 14 years managing the fund. ...