The UK-based investment manager said its head of North American equities was leaving for personal reasons.

Kames Capital's head of North American equities, Marcus Chandler, has left the business after three years.

Chandler was manager of the £425 million ($655 million) Kames Global Equity Income fund, which has returned 3.1 per cent year-to-date compared to a sector average of 0.2 per cent, according to Trustnet. The fund will now be run by Douglas Scott, an investment manager in Kames' UK equities team, alongside existing co-manager Mark Peden.

Chandler also ran the £4.5 million American equity fund, which was taken over by Carolyn Bell and Jon Parsons at the start of October. This fund has delivered a year-to-date performance of -4.2 per cent, below the sector average of 1.1 per cent.

“After three rewarding years at Kames Capital, Marcus Chandler will leave the firm in order to focus on opportunities in the London area and spend more time with his young family. We wish Marcus all the best for the future,” said a spokesperson for Kames.