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Rensburg points to lifestyle asset

Firm says lifestyle benefits mean fund managers are not lured to London

Rensburg says it has been able to keep its key fund managers since the mid-Nineties bec- ause of lifestyle benefits which come from being based away from London.

Fund managers Colin Morton, Stuart Sharp and Mark Hall have stayed with the firm for over 10 years despite strong performance and ratings, bucking the industry average of four years and shunning headhunters. Rensburg managing director Alex Brotherstone says his managers have been app-roached “scores of times” by recruitment consultants trying to move them to London firms but they stay because they app-reciate the efforts that the company has made to adapt their working environment to suit their lifestyles.

The firm has implemented remote dealing and access to its IT systems so the mana-gers can pick up company results first thing in the morning from home and act on them. They are then able to drive into the office from their homes in Harrogate, Huddersfield and Ilkley without the pressure of rush hour.

The managers also sit round a single desk and Brotherstone says that unlike a big organisation where they would have to wait for a morning meet- ing to discuss a stock, they are able to discuss buying ideas constantly and prefer this research style.

The firm has also made use of remote video technology to extend its reach where com-pany meetings are concerned.

Brotherstone says: “Our fund managers stay because we can offer them the lifestyle benefits of living away from London. If they wanted to go, they would have been off by now. They are not tied to the desk here while in London they would be required to be in the office by seven in the morning and that means a lot.”

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