Schroders has hired Matt Hudson to manage Schroder UK Opportunities Fund and Luxembourg-domiciled Schroder ISF2 UK Opportunities replacing Julie Dean.

The group said the funds investment objectives will remain the same.

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The Schroder UK Growth Fund will be managed by the Business Cycle Investment team that will continue to manage the Company’s portfolio in line with its current investment policy and objective for the immediate future.

Hudson joined the Schroders group as part of the Cazenove acquisition.

Peter Harrison, head of investment at Schroders, said: "We will also continue to maintain our strategy of being a highly diversified asset manager, with more than 57% of our revenues coming from overseas markets."

Robin Stoakley, head of UK intermediary at Schroders, said: "Schroders has an enviable track record of delivering for clients, across a breadth of products in UK equities to meet most investment needs. 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."

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