Peter Lees, former head of UK equities at F&C Investments, has left the firm, after relinquishing control of his UK equity fund in December to Michael Ulrich and Tom Wilson.

A spokesman for F&C confirmed: "Peter left F&C at the end of January, after nine years at the firm. We wish him all the best for the future."

Departure follows step-down from UK equity fund

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Former head of UK equities quits F&C

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