People Moves

Cordell to take over running of Cazenove UK fund

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Steve Cordell from Cazenove Capital is to manage the firm’s absolute return UCITS fund following the decision by long-standing pan-European equities head Tim Russell to take a break from the fund management industry.

Cordell, a senior member of the pan-European equity team and co-manager of the Cazenove European Equity Absolute Return Fund, will assume responsibility for the UCITS-compliant Cazenove UK Absolute Target Fund and the UK core offshore hedge funds, supported by Julie Dean.

Both managers have been involved with the management of Cazenove Capital’s long/short products since 2003. Chris Rice will take over as head of pan-European