Potter and Burdett take on F&C fund of funds range

The F&C fund of funds range, previously managed by Dean Cheeseman, has been handed to Gary Potter and Robert Burdett.

Potter and Burdett joined F&C earlier this year when it acquired Thames River Capital.

Cheeseman and his co-manager Oliver Sonnbichler will be leaving the firm by mutual consent once an orderly handover has been completed.

F&C will keep separate its suite of Lifestyle funds which will be run as a separate range by Paul Carne.

The full range that Potter and Burdett will now be managing is F&C Multi Manager Balanced,F&C Multi Manager Cautious, F&C Multi Manager Distribution, F&C Multi Manager Growth, F&C Managed Balanced and F&C Managed Growth.

There will be significant duplication in the fund range between these funds and the Thames River equivalent which is likely to result in a raft of fund mergers.

Burdett said: 'In the three years since Gary and I launched Thames River Multi-Capital, we have grown the business substantially, with around 800 IFA firms investing in our funds. The combined entity will transform the scale of Thames River Multi-Capital and we are delighted that Paul Carne and Catherine Sauer are joining the team.'