Investec's process style softens blow of high-profile departures

Fund group focus: Investec

Investec is adamant the recent walkout of five of its top fund managers will not endanger the company's reputation for expertise in the fixed interest and UK equities arenas

Investec made headlines last month when five UK and global fund managers and analysts walked out of the company over a pay dispute. For any business that focuses on the retail market, getting UK equities right is vital and the loss of a complete team is far from helpful. Brought in from Schroders in 2000 to kick-start the UK equities business, managers Jeremy Rigg, Nick Mottram and Michael Rimmer, together with analyst Nigel Dutson, departed last month following a dispute with the group's chief executive, Hendrik du Toit, over pay. They were joined by analyst Chris Carter, previously of U...