The Global Equity Select is my largest holding and when that soft closed I added to the Global Equity income fund so double whammy for me. Won’t do anything yet, but I can’t see me leaving the funds where they are in view of the size of the team exodus and how much I have invested.

I am slightly surprised the changes are with immediate effect, I would have expected notice periods to be contractual.

I would not usually be inclined to follow a fund manager who sets up in their own, I tend to worry about changes in approach or lack of oversight when the fund managers effectively own the firm, although might make an exception due to the historic strong performance.

Probably a question for later once we know what the set of the new firm looks like and whether there will be an equivalent of the Global Select fund, and also how easy it is to trade being new, but does anyone have any views on whether to invest in a new firm assuming they are claiming to be following an established mandate ?

Name above the door fund shops bother me. Risk, compliance, governance etc won't be the same as in a Royal London, or a Fidelity, or a JPM etc etc.

I wouldn't be comfortable having the same exposure I have now to the fund if it was in a boutique founder led shop....

Usually if a fund manager is leaving they are put on gardening leave right away - a huge part of what a fund manager does is around raising assets, talking to investors, etc and you wouldn't want someone doing that knowing that in 3/6 months time they are going to be your direct competitor.

Pinnacle investment management in talks to back Royal London equities hotshot Peter Rutter. Article today on www.afr.com/street-talk but for subscribers only.

Managed to read this much outside of subsciption (ASX Australia's securities exchange)

"ASX-listed Pinnacle Investment Management is close to snapping up Royal London Asset Management’s high-profile head of equities Peter Rutter, who has just lobbed his resignation, to set up a new funds management house.
Street Talk understands Pinnacle is in advanced talks to provide equity backing to Rutter and his colleagues’ new venture."

I understand your concerns. But...what would be a suitable replacement fund? It is easy to undo things, less easy to rebuild them. Like locking down and then re-opening the economy...