Michael Rimmer, Jeremy Rigg, Nick Mottram, Chris Carter and Nigel Dutson left Investec Asset Management, London, after the company failed to meet their demands for a stake in the products they manage. Hendrik du Toit, chief executive officer, said the group wanted to turn their revenue sharing into a permanent stake, which conflicts with the firm's business model.
Mr. Rimmer ran the U.K. Opportunities Fund; Mr. Rigg managed the Investec Blue Chip Fund; Mr. Mottram handled the Global Free Enterprise Fund; and Messrs. Carter and Dutson were global equity managers, said Tilly von Twickel, spokeswoman. None could be reached for comment.
Dan Hanbury will take over the U.K. Opportunities Fund, Christine Baalham will run the Investec Blue Chip Fund, and Mark Breedon will manage the Global Free Enterprise Fund. Mr. Hanbury will continue to oversee U.K. small-cap equity funds, and Mr. Breedon will remain portfolio manager, Asian emerging markets and global equities. Ms. Baalham is an equity portfolio manager. Messrs. Carter and Dutson have not been replaced, said Ms. Von Twickel.