Gavin Hall stepped down as deputy chief investment officer at Sanderson Asset Management, according to a company memo obtained by P&I Daily.
“He wants to pursue a range of personal interests outside the investment industry,” Tim Sanderson, founder and CIO, said in the memo. “We regret Gavin’s decision, of course, and recognize the major contribution that he has made to SAM and to its success.”
Mr. Hall will stay on as a consultant “to perform research on his companies in our program,” according to the memo. He will retain his “significant shareholding” in the firm.
The firm will replace Mr. Hall if it can find a suitable person or people, the memo said.
Mr. Sanderson and COO Richard Cawdron were out of the office and unavailable for comment. Efforts to reach Mr. Hall were unsuccessful.