Fund manager Pendal’s small caps duo, Paul Hannan and Noel Webster, have resigned from the firm after nearly two decades running the Pendal Smaller Companies Fund.
Hannan and Webster stepped down as the fund’s senior portfolio managers on Tuesday, with both planning to depart Pendal altogether by this time next year.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
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