Star manager Ashton Bradbury, who has spent the last 14 years commuting between his South Wales home and Old Mutual Global Investors' head office in London, is handing in his season ticket.

He intends to step down as manager of the Old Mutual UK Specialist Equity hedge fund and retire from OMGI at the end of the year. In a statement, Bradbury said: "I have decided the time is now right to pursue a somewhat less hectic pace of life in the years ahead."