Investec Asset Management's Hanré Rossouw, co-manager of the £1.1bn Investec Global Gold fund, has left the firm.
Rossouw, a portfolio manager within the commodities and resources team covering precious metals and frontier and emerging market resources, has co-managed the fund alongside George Cheveley since April 2015.
Cheveley will continue to run the fund with the support of analysts Daniel Sacks and Sam Anthony and the global resources team.
A spokesperson for Investec said: "As of 10 July 2018, George Cheveley assumed overall portfolio management responsibility for the Investec Global Gold fund, following Hanré Rossouw's decision to re-join the mining industry and leave Investec Asset Management, after five years at the company and three years co-managing the fund alongside George Cheveley.
"All aspects of the fund's investment objectives and investment strategy remain unchanged. Cheveley, who has been with the firm since 2007 and has been co-portfolio manager for the Global Gold fund since 2015, continues in his role operating within our disciplined investment process and supported by a strong team."
As a result of Rossouw's departure, The Adviser Centre has removed the Global Gold fund from its recommended list.
A statement from The Adviser Centre Team said: "Co-manager George Cheveley remains in place and there will be no change to the investment approach or the objectives of the fund.
"Furthermore, Investec has indicated there is no intention to replace Mr Rossouw in the short term.
"Although Mr Cheveley is an established member of the team, we believe the importance of this change requires the fund's removal from our recommended list."