Investec Asset Management has appointed Mark Lacey and Jonathan Waghorn as managers of its onshore a...
Investec Asset Management has appointed Mark Lacey and Jonathan Waghorn as managers of its onshore and offshore (Guernsey-domiciled) Global Energy funds.
The duo, who joined in February from Goldman Sachs, where they were joint heads of the energy research department, will replace Tim Guinness, to whom the management had been outsourced since 2003.
Under Guinness, assets in the offshore fund, launched in 1985, have reached $1.6bn (£815m), while the onshore fund, launched in 2004, has around £250m under management.
Following the change of management, Forsyth Partners has withdrawn the offshore fund's AAA rating, while OBSR has suspended its AA rating with immediate effect.
What made financial headlines over the weekend?
Caring for children and elderly relatives
Similar to June 2007
Square Mile’s series of informal interviews
Fine reduced to £60,000