John Barden has resigned from his fund manager role at Cobas Asset Management after less than three years working for the Spanish value boutique owned by the world-renowned investor Francisco García Paramés.
According to Barden's resignation letter, published in his LinkedIn profile, the fund manager is leaving Cobas to pursue new opportunities and to help her wife grow her own wine business.
Barden's letter to Paramés read: "Over the last three years I have got to know you better not just you but of course the whole team and how you approach the challenges of managing money.
"I have learnt a lot and have been particularly impressed with the amount of rigour that goes into the research process."
Barden has been co-managing Cobas AM funds alongside Andrés Allende for the past three years.
Before joining Cobas, he was partner at Olympus Capital whilst he managed the Candela European Equity Fund (later renamed Matrix Pan-European Equity Fund), an European hedge fund that generated small positive returns during the 2008 financial crisis. He previously worked at AIG Investment Corp, where he managed the AIG European Smaller Companies Fund, which was one of the first funds of its category launched by that time in Europe. Prior to that, he worked as an European equities fund manager working at Clerical Medical, where he started his financial career.