Invesco overhauls risk management

Professional Adviser
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Heavy falls in the Invesco Perpetual European Growth fund have prompted chief investment officer Bob...

Heavy falls in the Invesco Perpetual European Growth fund have prompted chief investment officer Bob Yerbury to overhaul the group's risk management procedures. The system will take into account each individual manager's style when analysing fund performance and portfolio positioning. It will also include an automated warning system designed to highlight marked under or outperformance on a weekly basis. The aim of the new system, said Yerbury, is to prevent funds from becoming uncharacteristically reliant on a particular sector or stock, as happened last year with the Rory Powe managed...

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