Witan Investment Trust's CEO Andrew Bell is set to retire from the firm this year after 14 years at the helm.
The investment trust's chairman has announced it will take the opportunity to review the company's portfolio and investment management arrangements.
Chairman, Andrew Ross, said: "In 2004, in a major strategic shift, Witan adopted a multi-manager approach to investing in global equities, at the same time becoming independent of any single investment management group.
"For much of the subsequent period, the approach proved successful and, although the volatile conditions in recent years have eroded earlier outperformance, Witan's performance remains in line with its equity benchmark in net asset value total return terms and ahead in share price total return terms since making that strategic shift.
"However, in more recent years the asset management and investment trust sectors have seen considerable changes in markets, competition, governance and regulation."
Ross said changes in recent years post new investment and communication challenges.
He said these structural changes and Bell's forthcoming retirement make it a good time to review the future management of the portfolio.
Bell is expected to continue in his current role until the review is completed and the portfolio will also be managed in the same way until then.
tara.o'connor@ft.com
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