“There are very few fund managers who can say they’ve built three fund of fund businesses into billion pound franchises during their career.”
He added that the fact Potter and Burdett had managed to achieve such success was testament to their long-term performance through numerous market cycles.
“You do not build numerous fund of fund franchises with a strong adviser and retail following without [such performance].
“We wish Gary well after his 40 years in the industry and remain confident in Rob and his eight-strong team at BMO, many of whom are senior partners in the business, a number of whom have spent 15 or so years in the team."
Ben Yearsley, investment consultant at Fairview Investing, said it would be interesting to see the firm’s succession plan emerge.
“That’s the problem with any fund, if you’ve got a very high profile person, or people, what’s your succession plan when one of those retires," he said.
“It’ll be interesting to see how to team works going forwards."
sally.hickey@ft.com
