Barings' global resources head exits
Duncan Goodwin leaves after five years at firm
Barings' head of global resources Duncan Goodwin is leaving the firm, handing over the running of the Barings Global Resources fund to Clive Burstow and James Govan.
Goodwin has managed the $332m fund since 2014, having joined the firm from Martin Currie in January of that year.
Co-manager Burstow and Govan - members of Barings' specialist global resources team - have assisted Goodwin during his tenure and will now run the fund as co-managers.
Goodwin will remain at Barings until the end of 2019 to ensure a smooth transition of his responsibilities.
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Burstow will also assume Goodwin's role as head of global resources. Burstow joined Barings as an investment manager in the global resources team in June 2011, having previously held roles at BlackRock and AllianceBernstein, and specialises in the analysis and investment management of materials companies.
A spokesperson for Barings commented: "Clive is a senior and well-respected member of the team with over 15 years' experience in the resources space."
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Following the announcement, The Adviser Centre removed the Baring Global Resources fund from its Recommended list, despite there being no plans to change the investment philosophy or process of the fund.
A note from The Adviser Centre said: "Given the breadth of the mandate, Goodwin's own views and interpretations have had a significant influence on the fund and hence the outcomes experienced by investors. As a result, we have removed the fund from our Recommended list."
The fund has returned 1.6% over one year, FE data shows.
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