Kevin Murphy and Nick Kirrage started at Schroders in 2000 and 2001 respectively. Initially Pan-European analysts, they were given co-management of the Schroder Recovery Fund in 2006. The Recovery Fund is a UK product with a 40 year track record of identifying and exploiting deep value investment opportunities. In 2010, they also took over management of the Schroder Income Fund, the UK equity team’s flagship value product. In combination with Andrew Lyddon, they form the Schroder UK Equity Specialist Value team, responsible for over £4bn of assets in a disciplined value style.