Invesco given the push by GT Japan

The board of GT Japan has terminated its contract with Invesco and replaced it as fund manager with boutique Sloane Robinson. Sloane Robinson's appointment takes effect from 1 January 2001. Robert Boyd, director at GT Japan said: "The board wanted to move to a smaller, more flexible manager with more entrepreneurial talent. The performance of the trust under Invesco has not been fantastic, especially in recent years." Sloane Robinson manages about £1.7bn in assets and its co-founder, Hugh Sloane, managed GT Japan until the end of 1993. Boyd said: "We are moving back to what we started...