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Investment veteran exits FRM

The long-serving CIO of the fund of funds manager has departed, it has emerged, although one source says it is unconnected to sale to Man Group

The chief investment officer of FRM, who worked at the fund of funds manager for over a decade, left the firm shortly before its acquisition by Man Group, it has emerged.

John Beech left FRM in May, according to people familiar with the move. FRM deputy chief investment officer Keith Haydon has taken on Beech's responsibilities. Beech could not be reached for comment. Man confirmed the departure.

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