Co-founder of Brooks Macdonald Jon Gumpel has decided to step down as fund manager of the Defensive Capital fund and will leave the firm in March 2020, having spent 28 years with the business.
Niall O'Connor, who has been deputy manager on the £663m fund for three years, will take over as lead manager of the vehicle. Gumpel was a founding director of Brooks Macdonald in 1991; he launched the Defensive Capital fund in March 2010 and has managed it since. Gumpel said: "With both the company and the fund in very good shape, after 28 years at Brooks Macdonald, now is the right time to step back from the business, and I'm pleased to leave the fund in Niall's capable hands. "I've enjoyed working with Niall over the last three years and am sure he will continue the succes...
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