Quilter is among the portfolio managers which are currently talking to JO Hambro Capital Management about whether to remain invested in its UK Dynamic fund following the departure of Alex Savvides.
Marcus Brookes, Quilter's chief investment officer, said the company was conducting due diligence and talking to the company and new manager Mark Costar.
Quilter has held JOHCM UK Dynamic in its £11bn Cirilium range since early 2022 and in its higher risk portfolios it is the largest single UK equity fund holding.
Brookes said Quilter was not a portfolio manager which automatically sold a fund when its manager changed and he said the company was being "patient".
He said: "If they end up hiring someone we are keen on, then you sell it when the manager leaves and you end up buying it back.
"I know Mark. He is a good investor but we are conducting due diligence on whether he is the right investor based on what we are trying to do with our portfolios. Any decision we make won't be a judgement on Mark - it will be a judgement based on what we need."
Brookes also pointed out that Tom Matthews, who was previously an analyst on JOHCM UK Dynamic for eight years, would be returning alongside Costar.
Savvides is moving to Jupiter where he will take over the Special Situations fund from Ben Whitmore, who is leaving to set up his own value investing boutique.
JOHCM UK Dynamic is the joint most popular UK active growth fund in our database - a title it shares with Lindsell Train UK Equity. It has provided top quartile returns in each of the past three calendar years.
