Investment house of the year: Schroders

- By Risk.net staff
- @riskdotnet
- 28 Nov 2023

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On September 24 last year, Philip Howard sat in Schroders’ London office watching coverage of Kwasi Kwarteng delivering the new UK government’s ‘mini-budget’. The announcement was anything but ‘mini’ – a sweeping array of unfunded tax cuts to the tune of £72 billion ($91 billion).

Howard, who leads Schroders’ liability-driven investment (LDI) business, watched the chancellor’s announcements with concern – afraid that bond markets would react badly to the government’s plans and leave pension

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