F&C’s Julie Dent is to retire from the asset management industry later this year, it has been confirmed.
Dent, the manager of the £485m British Assets Trust and the director and investment manager of F&C Asset Management’s global equities team, has been with the group since 1986 and will depart on September 30 this year.
Phil Doel, the manager of the £189.1m F&C UK Equity Income fund, will take over her responsibility for the trust, a move which has received the backing of the company’s board.
Dent also manages the £33.2m F&C multiManager investment trust, which will be run by F&C managed portfolio trust’s Peter Hewitt after her retirement.
In addition, she has led the F&C multimanager growth, F&C multimanager balanced and F&C progressive growth funds in her time with the company.
According to FE Trustnet, she has outperformed her peer group composite by 20.3 percentage points over the past ten years.
Prior to entering the asset management industry, Dent worked as a structural engineer for Ove Arup & Partners.