The fund is managed by Simon Adler, Head of Schroders Global Value team, who holds a CFA charter and MA from Edinburgh University. Adler has been managing the fund since November 2018 and began his investment career in 2008, bringing over 16 years of experience to the role. Co-manager Liam Nunn joined as fund manager in February 2020, holding a CFA charter and degree from Durham University. Nunn joined Schroders in 2019 after gaining experience at Merian Global Investors, adding complementary expertise to the management team. The fund was previously managed by Nick Kirrage (2013-2024) and Andrew Lyddon (2013-2022), indicating continuity in the investment approach despite leadership transitions. The management team operates within Schroders' broader Global Value division, which oversees multiple value-oriented strategies across different geographies.

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The fund employs a deep-value, contrarian investment approach by targeting undervalued and out-of-favour companies with potential for recovery and significant share price gains. Taking a contrarian approach, the team looks for ideas among unloved businesses and industries, aiming to buy when many others are selling and selling when they want to buy. The strategy focuses on companies worldwide that have suffered severe setbacks in either share price or profitability, with the goal of providing capital growth in excess of the MSCI World Index over three to five year periods. The investment process is supported by a global team of over 100 equity analysts and 40 ESG specialists. The approach emphasizes fundamental analysis and long-term value creation through careful selection of recovery situations. The team manages income, recovery and sustainable strategies across five geographies: UK, European, Global, International and Emerging Markets.

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