Former Brooks Macdonald founder and fund manager Jon Gumpel has joined Edinburgh-based boutique Aubrey Capital Management.
Gumpel (pictured) joined Aubrey as a director and fund manager on Wednesday. He will not run a fund from the start of his tenure but is understood to be working on developing Aubrey’s investment services to IFAs and other intermediaries.
He left Brooks Macdonald in October after 28 years, having been one of four individuals who founded the firm in 1991.
During his tenure he initiated and led the firm’s strategy of working with UK intermediaries and latterly managed the Defensive Capital fund which had grown to £700m in assets under management by the time he left.
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Aubrey Capital Management founder Andrew Dalrymple said: “We are very pleased to welcome Jon to Aubrey where we feel his fund management skills and experience providing investment services to intermediaries will add significantly to Aubrey’s offering, benefiting our clients and the firm alike.”
Gumpel said: “I have known Aubrey for a number of years and have been consistently impressed by their investment approach. Their equity performance over the last three years and importantly in the year to date has been simply stunning. I look forward to working with a genuinely nice group of people and to adding value for the business.”
Aubrey Capital Management has been running emerging market, global and European long-only equity products since 2006. It manages $1bn (£810m) for institutional clients, intermediaries, and private clients.
