Burke founded the company with Ian Harding and Catherine Allfrey in 2006, having previously worked together at Colonial First State.
A spokesperson for Wavestone confirmed that Burke had retired from the firm at the end of June.
The firm, which had $5 billion in assets under management, would now be run by Allfrey and Raaz Bhuyan who joined the firm as a principal in 2014, also from Colonial First State.
It ran a flagship Australian Share fund which was launched in 2006 followed by Absolute Return then the Dynamic Australian Equity launched in 2009. The Dynamic fund was the winner in the Long/Short Equities category at last year’s Money Management Fund Manager of the Year awards.
According to FE Analytics, the Australian Share fund had returned 27.1% over one year to 31 May versus returns of 28.2% by the Australian Core Strategies Australian equity sector.
Performance of Wavestone Australian Share versus sector over one year to 31 May 2021
