People Moves

Cordell to manage Cazenove UK funds as Russell steps down


Cazenove Capital has announced that Steve Cordell is to manage the firm’s suite of UK equity hedge and absolute return funds following the decision by long-standing pan-European equities head Tim Russell to take a break from the fund management industry.

Cordell will take over the management of the Cazenove UK Absolute Target Fund, the UK Equity Absolute Return Fund and the Leveraged UK Equity Absolute Return Fund with effect from July.

Russell is to step down from his role as head of pan-European equities at the firm. “After 26 years commitment to the investment industry Tim is taking