The company will be co-managed by UK equity fund managers Anthony Cross and Hugh Sergeant, who have more than 60 years’ experience between them.

The pair take on their roles with immediate effect following the previous announcement that George Ensor and Mayan Uthayakumar will be leaving Liontrust group at the end of 2026.

Mr Uthayakumar and Mr Ensor previously worked at Martin Gilbert’s River Global before it was acquired by Liontrust earlier this year.

Mr Cross and Mr Sergeant will be supported by a broader team of seven investment professionals. They will be supported by a broader team of seven investment professionals with the portfolio continuing to invest across growth, quality and recovery companies, with the allocation actively managed to reflect the economic and market environment.

The investment management fee will be reduced from 0.75% to 0.35% per annum, with effect from 1 November 2026. The 15% performance fee for outperformance of the Numis Smaller Companies plus AIM index will be retained. 

John Ions, chief executive officer of Liontrust, said: “We appreciate the confidence of the board of RMMC in being reappointed and the responsibility of delivering for shareholders. We are committed to providing the investment management, marketing, sales and resources to ensure the success of the company.”