Investec Asset Management has pledged to retain Albert Morillo as manager of its European fund. This...
Investec Asset Management has pledged to retain Albert Morillo as manager of its European fund. This comes after it ended the management contract with Blackrock for its onshore and offshore pan-European funds. David Aird, managing director of Investec, said the European fund is recovering after three years of underperformance. The fund was one of the most popular European funds in the late 1990s but has suffered from two main factors. These were Morillo's continued focus on blue chip large cap stocks despite the outperformance of small and mid cap stocks in Europe in recent years. Aird sa...
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