Veteran investment banker turned asset manager Anthony Brooke has announced his retirement, aged 62, from Fauchier Partners, the UK fund of hedge funds that he helped build from almost scratch nine years ago into a multi-billion dollar business.

Brooke sent a brief email to his clients and contacts yesterday, saying that although he was stepping down from his executive role at Fauchier he would continue to be active in the investment world. He has a portfolio of non-executive directorships.