F&C Investments has hired a new multi-alternative business director to replace Ken Kinsey-Quick who plans to leave the asset manager at the end of March.
Goodhart Partners founder and fund manager Ben Fox will initially co-head F&C’s multi-alternative team with Kinsey-Quick and will take responsibility for the team after Kinsey-Quick’s departure next month.
As part of the move, Fox’s Goodhart Partners Horizon Target Return fund will be managed by F&C while Goodhart portfolio analyst Alex Jones will join the company’s multi-alternative team.
F&C head of client management Mandy Mannix says: “Developing our multi-asset business is a core focus for F&C in 2013 and Ben Fox’s appointment is a significant step in building our multi-alternatives capabilities.
“He is not only a highly regarded manager, with an outstanding record, but the Target Return Fund is a strong complement to our existing range and provides a compelling investment opportunity for investors.”
As well as his time at Goodhart Partners, Fox has managed retail strategies in the fund of funds team at Fidelity and institutional strategies as head of fixed income research at Aon Consulting.
Chelsea Financial Services managing director Darius McDermott says: “This is an important role given that alternatives will continue to be a growing part of an asset management business in the future as firms’ look to stand out from their competitors.”