Rita Whig will manage Invesco Perpetual's £325m US Core fund as head of their US Equities team, endi...
Rita Whig will manage Invesco Perpetual's £325m US Core fund as head of their US Equities team, ending months of speculation as to who will get the job.
Whig is leaving Royal London Asset Management - where she was head of North American equities reporting to Bob Yerbury, CIO of the retail investment team - to join Invesco Perpetual in September.
Whig's new position was left vacant when Ian Brady recently left to join Schroders taking Grant Cowley and Philip Chappell, the other members of the Perpetual US team with him.
Her appointment comes at a time when the US Core fund's three month performance has dipped.
The fund is ranked 80 out of 88 funds over three months with bid to bid returns of 5.38% compared to a US sector average of 8.37%.
Over the last 12 months the fund has been ranked 40 of 82 with negative offer to bid returns of 14.35% compared to a sector average of 14.11%. Over three years it is ranked 43 of 76 with returns of 20.84%.
Whig started her career at Henderson Investors as an investment analyst before moving to manage US and international equities for Refuge Assurance and United Assurance Group.
Yerbury says he is also looking to make another appointment to the team, to giving Whig a deputy to assist management of the fund.
Partner Insight: For Blackfinch, the arrival of its IHT portfolio services was a 'natural evolution' in the group's offering and points to an established track record of returning cash to investors.
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