Baillie Gifford has removed Josie Bentley as a named co-manager on the £3.5bn European fund, eight months after her appointment.
In January, Baillie Gifford issued a press release announcing Bentley (pictured) would become a fourth co-manager on the fund alongside Stephen Paice, Moritz Sitte and Chris Davies.
At the time, Baillie Gifford head of retail marketing and distribution James Budden said her appointment would “diversify the management team and enhance its investment proposition”. The fund had tripled in size during 2020 from £708.9m to £2.3bn.
But Bentley’s name no longer appears on fund factsheets.
Baillie Gifford confirmed she wanted to work on the Baillie Gifford Positive Change fund and therefore transferred from the European fund in September. A spokesperson told Portfolio Adviser the European fund would not be seeking another co-manager to replace her given it already had three named managers “which is sufficient”.
Bentley is not a named manager on the £3.3bn Positive Change fund, where Michelle O’Keeffe, Kate Fox, Lee Qian and Ed Whitten are already named managers.
Bentley joined the European desk in 2019 having started working at Baillie Gifford in 2016 and gaining experience across strategies including international growth, UK equity and high yield bond.
See also: Baillie Gifford silent on failure to disclose manager exit
