In brief: Cazenove’s long-serving European fund manager Chris Rice quits group

14th June 2013

Chris Rice, manager of the £1bn Cazenove European fund has announced he is leaving the firm. Rice who had been with the company for the past decade leaves in July, when the firm will be acquired by FTSE 100 listed asset manager Schroders. Steve Cordell, manager of the Cazenove Pan Europe fund, has taken over the management of Rice’s European Fund and European Equity (ex UK) funds. Rice has no immediate plans after he leaves. Under Rice’s management the Cazenove European portfolio has returned 37% in the past 12 months. Over the past three and five years it has achieved 25% and 22% respectively

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