Invesco Perpetual is to streamline its UK equities range following the decision by Ed Burke to take early retirement for personal reasons.
He will be replaced on the £1bn plus UK Growth fund by Martin Walker whose UK Opportunities portfolio will be merged into the vehicle. Walker will also take over the Invesco UK Equity fund and the UK component of the Invesco Perpetual International Equity fund. Meanwhile, Walker’s Invesco Perpetual UK Focus fund will be merged into the UK Aggressive fund to be run by Stephen Anness. The proposed mergers are subject to FSA and shareholder approval. Neil Woodford, head of investments, says: “Ed has achieved great success as a fund manager but individual circumstances alter and I respe...
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