Investec seeks out value

Investec's forthcoming North American equity fund is to be marketed as a core US product, an area of the market the group believes to be under-represented. As exclusively previewed in Investment Midweek, Investment Week's electronic sister paper, the fund, which launches on 23 September, is to be run by US-based asset manager Thornburg. Investec already outsources management of its European fund to Albert Morillo of BlackRock. Investec's fund will be a mirror of Thornburg's $1.6bn Value Fund, which David Aird, joint managing director of Investec, said is deceptively named as it is ...