Rosemary Banyard, who works with Keith Ashworth-Lord, manager of the Money Observer Rated Fund CFP SDL UK Buffettology, will leave Sanford DeLand in six months’ time.
Sanford DeLand Asset Management’s Rosemary Banyard, manager of the CFP SDL Free Spirit fund, will be leaving the business in six months’ time for personal reasons.
Banyard joined Sanford DeLand in late 2016 as investment director, working with Keith Ashworth-Lord. He set up the Money Observer Rated Fund CFP SDL UK Buffettology, aiming to mirror Warren Buffett’s investment approach.
Her move to Sanford DeLand followed an 18-year career with Schroders, during which time she managed the Schroder UK Mid Cap investment trust with Andy Brough among various other UK smaller and mid-cap funds.
CFP SDL Free Spirit was launched in January 2017. It invests in UK companies across the market-capitalisation spectrum, including those listed on the Alternative Investment Market (Aim).
The fund, which only has amassed £15 million of assets since launch, will be run by Banyard until she departs in six months’ time. Andrew Vaughan, an investment research analyst at Sanford DeLand, will continue to work closely with Banyard during this period.
Money Observer understands that when Banyard departs, the CFP SDL Free Spirit fund will remain at Sanford DeLand.
At this stage no decisions have been made regarding the future manager of the fund.
Alex Brotherston, chief executive officer of Sanford DeLand Asset Management, says: “We are sorry to see Rosemary go and wish her all the very best. We would like to thank her for the expertise and insight she has contributed to the Sanford DeLand business and as manager of Free Spirit Fund.
"This is a positive time of steady growth for the Sanford DeLand business, as we see continuing inflows into the Buffettology fund while it gains traction with investment intermediaries, who value the fund for its consistency and positive track record.
“Although Free Spirit is a relatively new fund, it has an encouraging track record and a portfolio of high-quality businesses.”