Ian Brady has returned to Invesco Perpetual almost two years after leaving the group to head up the ...
Ian Brady has returned to Invesco Perpetual almost two years after leaving the group to head up the US equity team and run the US portfolio he previously managed.
Brady worked at Perpetual from October 1997 to March 2001, when he left to join Schroders. While at Perpetual, he was head of US equities and managed the Perpetual American Growth fund.
Following the merger with Invesco, the fund was renamed Invesco Perpetual US Core and was rebranded again last December as Invesco Perpetual US Equity.
Brady joined Schroders in April 2001 as head of US equities and managed a number of institutional mandates and specialist US products. The entire team was removed in September 2002 when management of US assets was transferred to Schroders' investment strategy unit following a period of poor performance.
Now back at Invesco Perpetual, Brady will be based in Henley and take over management of his £148m former fund, as well as the £15.5m US Aggressive fund, a former Invesco product.
Both funds were previously managed by Rita Whig, who left the group earlier this month following a period of poor performance. Over the year to 10 February, the US Equity fund is ranked 82 of 88 funds in the North American sector, while US Aggressive is ranked 88 out of 88, offer-to-bid, according to Standard & Poor's.
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