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View the article online at http://citywire.co.uk/wealth-manager/article/a755959

Michael Hart: an obituary for the 1980s fund manager poster boy

by Dylan Lobo on Jun 10, 2014 at 11:47

Hart also had a few choice words for the hedge fund industry, which was growing in prominence towards the twilight of his career.  

'There are some brilliant chaps now, hyperactive many of them. I was a bit dull and boring in comparison, more the steady type...I don’t like the high fees and I can’t invest in something when I don’t know what they are doing.'

After leaving F&C Hart had a tumultuous spell as director general of the Association of Investment Trust Companies, quitting the role in March 1998 after just two months. The exit came after a major corporate governance row with Hermes over the F&C-run Brazilian Smaller Companies Investment Trust on which Hart had served as chariman. 

'I felt terrible, and got really depressed for two or three years after that,' he said.

Hart left the industry following the experience, spending time watching cricket and working on charitable causes before his death on 28 May.

Did you invest with Michael Hart and if so what are your memories?   

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1 comment so far. Why not have your say?

Keith Cobby

Jun 10, 2014 at 14:37

Very sad to hear of the passing of Michael Hart. A true pioneer of the investment trust sector and the low cost savings scheme in particular.

His launching of the F & C savings scheme in 1984 started my interest in the sector and I am still investing in F & C through their investment plan. My son was only a month old when I opened his CTF with F & C.

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