Sanjeev Shah, who is 42 and has had a stellar run of results recently, has decided to stop running money for fund manager Fidelity at the end of this year.
Shah runs a £2.8bn fund he inherited from stock picking legend Anthony Bolton in 2008 after Bolton left to run money in China.
He dismissed suggestions he was quitting the industry due to burnout.
“People who know me know I’m not burnt out in anyway. If anything I lead quite a balanced lifestyle,” he said.
“I recognise this is a role that demands 110 per cent effort and focus and intensity and I have made the personal decision that I do not want to have that level of intensity,” he said.
Shah, who was born and raised in north London before reading economics at Cambridge, delivered returns of £35 for every £100 investors put into his fund this year excluding fees, versus a £13 return from the FTSE 100.
He will be replaced by up and coming fund manager Alex Wright, who runs Fidelity’s smaller companies fund and has a similar investment style.
“When I took over from Anthony one of the reasons he was quite keen on me taking on the franchise was the overlap in style,” Shah said.
“Out of our pool of 35 fund managers Alex is one of probably three of four who have that contrarian value style.”
Shah took a three month sabbatical before taking over Bolton’s fund in 2008, indulging his passions for hiking and scubadiving in India.
He will take a six month break after leaving before returning as a part-time mentor at Fidelity in July 2014.