Posted inHead To Head, News

HEAD-TO-HEAD: Legg Mason vs Schroders

FSA compares two US equity funds with contrasting market cap styles: the Legg Mason Clearbridge US Large Cap Growth fund and the Schroder ISF US Small & Mid Cap Equity fund.
by Rupert Walker

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Manager review

Tambe is impressed by the quality of the management teams of both funds. Peter Bourbeau has been at the helm of the Legg Mason Clearbridge fund since 2009 and his co-manager Margaret Vitrano since 2012, and “they are highly experienced with proven track records”, he said.

Bourbeau has been in the industry for 27 years, and in addition to fund management has also worked in trading, research and investment marketing. Vitrano has 22 years of experience, and joined a Clearbridge predecessor organisation in 1997.

Turning to the Schroders fund, Jenny Jones is 30-year veteran of the investment industry, and has managed the fund since its launch in 2006. She is head of US small- and mid-cap stocks at the firm, which she joined four years earlier, and Tambe believes she has built a solid team of six dedicated small- and mid-cap analysts.

Tambe is encouraged by the succession planning underway at Schroders. Robert Kaynor became a co-manager in January 2018, and has spent five years  at the firm.

Jones and Kaynor are based in New York.

“Characteristics of both funds are the vast experience and skill of the managers, and the stability and consistency that low staff turnover brings,” said Tambe.

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