F&C Asset Management veteran and former fund manager Ted Scott has retired after 30 years at the firm.
Scott managed the F&C UK Growth & Income fund until 2009. He also ran the F&C Stewardship and Stewardship Income funds.
He moved away from direct fund management in 2009, later becoming global strategy director after returning from an extended sickness break due to a skiing accident.
Scott officially stepped down in January. Global macro director Steven Bell, hired last year, has taken on much of Scott’s workload.
An F&C spokeswoman says: “We thank Ted for his 30 years of service at the company and wish him well for the future.”
Hargreaves Lansdown investment analyst Richard Troue says the extended absence in 2008 and 2009 could have changed Scott’s outlook. He says: “Sometimes it makes people think about the other things they would like to do in life before time moves on and they’re no longer able to.”
Troue says it is common for fund managers to take on a more top-down role towards the end of their careers.
He adds: “Whenever a company loses someone with that much experience, no matter how many other staff they have, they are still going to miss them.”