Rob Burdett departs Columbia Threadneedle
Despite having a well-resourced multi-asset team, the departures of Rob Burdett, Scott Spencer and Kelly Prior will be a big loss in terms of experience for Columbia Threadneedle, particularly when you consider the loss of former co-head Gary Potter who retired in 2022.
Performance of the fund range has been more challenging in recent years, but the team had an excellent long-term track record. Alongside Gary Potter, Rob Burdett was one of the early pioneers of multi-manager/ fund of funds investing, having worked at Rothschild Asset Management, Credit Suisse and Thames River Multi-Manager LLP. Kelly and Scott have both been long-standing members of the team and have also played a significant part in that success.
While the fund range retains the experience of some members of the team – who will move over to the Columbia Threadneedle EMEA Asset Allocation team – we feel these significant changes must result in the removal of our Elite Rating on the CT MM Navigator Distribution fund.
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