InterContinental Hotels hire Schroders to run £20m global equities brief

The mandate will be invested in the fund manager’s Schroder QEP global active value fund managed by Schroders’ quantitative equity products team, led by Justin Abercrombie.

Schroders head of UK institutional business Miles O’Connor said: "We are delighted that the InterContinental Plan has appointed us for their unconstrained global equity mandate. This is another significant client win for Schroders in this extremely popular and successful fund."

Abercrombie said: "We look for value opportunities in all markets, across all sectors and in every size of company. This current period of volatility in equity markets continues to provide us with some great investment opportunities such as emerging Asian technology and certain higher quality financials."