Schroders has appointed Matt Hudson to manage the Schroder UK Opportunities fund, replacing Julie Dean, who has left the company.

Schroders has appointed Matt Hudson to manage the Schroder UK Opportunities fund, replacing Julie Dean, who has left the company.

Hudson will take on full fund management responsibility for the fund with immediate effect, as well as the Luxembourg-domiciled Schroder ISF UK Opportunities fund. Schroders said in a statement that the investment objectives of the funds will not change.

Dean also managed the Schroder UK Growth Investment trust, which will be managed by the business cycle investment team.

The board will consult with its independent advisors and shareholders in relation to future investment management arrangements and a further announcement will be made in due course.

“The business cycle approach is a key investment strategy for us which is why we have appointed Matt Hudson, whose track record is excellent, to manage these funds,” said  Robin Stoakley, head of UK intermediary.

Dean joined Schroders following the takeover of Cazenove Capital last July.

According to FE Trustnet, the Opportunities fund has lost 0.7 per cent in the last year, compared to an average return of 8.7 per cent from the UK All Companies sector, while the Growth Investment trust is down 1.4 per cent, compared to the All Companies trust sector return of 9.4 per cent.