Invesco Pertpetual has made 15 of its fund managers redundant in the latest cost cutting move by inv...
Invesco Pertpetual has made 15 of its fund managers redundant in the latest cost cutting move by investment management houses. Cuts this week also come from Canada Life, Prudential and Fidelity's US operation, adding to those announced last week by Aberdeen, Axa and Schroders. Invesco Perpetual's move is a bid to turn around poor performance in its pan-European and global equities offerings. Eight of the fund managers were sector specialists located in the New York. The six based in the UK will be replaced, according to Mike Webb, chief executive at Invesco Perpetual. 'The change is ...
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