Powe returns to industry with boutique company

Former Invesco European manager Rory Powe is to return to the funds industry with the launch of boutique asset management firm, Powe Capital Management. The firm, which has yet to receive FSA approval for launch, will see Powe seek assets through institutional channels and discretionary fund of hedge fund managers. Powe, who made his name running the Invesco Perpetual European Growth fund, now £1.49bn in size, intends to launch, subject to regulatory approval, a European long/short hedge fund during February. He did not rule out offering a European long only fund at a later date...