HSBC multi-manager Pothier to leave industry

Pothier, who intends to pursue his interests in sustainable farming, will be replaced by Jon Rebak as manager of the £342.30m Open Global Distribution and £132.81m Global Return funds from 1 May. However, Pothier will become a consultant and adviser to the HSBC Open funds to ease the transition. Rebak joined HSBC in 1992 and has managed the £161m HSBC Growth Fund of Funds since launch on in 2003. Over this period the fund has posted a net total return of 91.5%, compared to the IMA's Balanced Managed sector average of 77.9%, according to Lipper. "As part of the team-based management ap...