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Investec loses top fund manager

Investec Cautious Managed Fund manager Chris Burvill has quit the company after more than 10 years to join Gartmore.

He will be replaced by the £40m fund&#39s deputy manager Alistair Mundy, who will also take over the helm of the UK Value Fund. He has been with Investec since July 200 after spending 12 years at Commercial Union.

Burvill is thought to have been recruited by Gartmore to turn around its ailing equity income performance.

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