Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Foreign & Colonial awards £250m portfolio to Potter and Burdett

Foreign & Colonial awards £250m portfolio to Potter and Burdett

Foreign & Colonial investment trust has awarded a £250 million global equity mandate, equivalent to around 10% of its assets, to F&C’s multi-manager team, headed by Gary Potter and Rob Burdett.

The allocation comes as the venerable investment trust, the oldest fund in the UK, continues to sell down its UK exposure.

The trust has previously said it planned to approximately halve its current 21.9% exposure to UK equity.  

‘[We] will predominantly invest in a portfolio of funds that we already hold in our existing multi-manager fund range,’ said Burdett in a statement.

F&C announced at the beginning of March that Jeremy Tigue, who has managed the fund for 17 years, will step down at the beginning of July. He will be replaced by Paul Niven (pictured), currently manager of the F&C Diversified Growth and Managed Growth funds.

Niven said: ‘Gary and Rob are two of the best fund pickers in the market, with years of knowledge and experience and a strong track record of outperformance to boot.

‘They have significant experience and understanding of global strategies, and are ideally suited to managing this important sub-portfolio in future.’

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
CIO Tapes 2: two warnings and a lot of optimism

CIO Tapes 2: two warnings and a lot of optimism

Our group of leading asset management CIOs see a lot of opportunities – and overseas investors are buying UK too

Play Wealth Manager Retreat 2017: size isn't everything

Wealth Manager Retreat 2017: size isn't everything

We asked our delegates at the Wealth Manager Retreat what they think about the recent wave of consolidation in the industry.

1 Comment Play CIO Tapes - part 3: 'passive funds are anti-capitalist'

CIO Tapes - part 3: 'passive funds are anti-capitalist'

Citywire recently gathered three of the UK's leading fund investment heads to discuss their hopes, fears and the issues that their jobs throw at them daily.

Read More
Your Business: Cover Star Club

Profile: Kleinwort Hambros' boss on how to manage five banks

Profile: Kleinwort Hambros' boss on how to manage five banks

Welding together Kleinwort and Hambros – two of Britain’s most historic banks, founded in 1786 and 1839 respectively – was always going to be a challenge.

Wealth Manager on Twitter