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Brooks MacDonald’s co-founder and fund manager steps down

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Jon Gumpel, co-founder and fund manager of Brooks MacDonald Group (Brooks MacDonald), an AIM listed investment management group, is to step down as fund manager of the IFSL Brooks MacDonald Defensive Capital Fund (DCF).

Gumpel will leave the firm in March 2020. He will hand over the management of DCF to Dr Niall O’Connor, deputy fund manager of DCF.
 
DCF is a UK regulated PEIC sitting the investment association targeted absolute return sector. As of 30 June 2019, the fund had GBP663 million under management.
 
Gumpel says: “With both the company and the fund in very good shape, after 28 years at Brooks Macdonald, now is the right time to step back from the business, and I’m pleased to leave the fund in Niall’s capable hands. I’ve enjoyed working with Niall over the last three years and am sure he will continue the success story of DCF.”
 
Caroline Connellan, Chief Executive of Brooks Macdonald, says: “DCF has been a critical part of the Group’s strong performance and remains core to our offering going forward. As part of our succession planning, I’m delighted that Niall is taking over as Fund Manager and I have every confidence that DCF will continue to go from strength to strength. On a personal note, I am particularly grateful to Jon for the support he has given me since I arrived in 2017.  As one of Brooks Macdonald’s co-founders, Jon has made an outstanding contribution to the firm throughout his time here. I wish him all the very best for the future.”
 
O’Connor joined Brooks MacDonald in 2013. He has over 20 years of investment experience. In his role as fund manager for DCF, he will report to Richard Spencer, Group Chief Investment Officer and co-founder of Brooks MacDonald.

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