May replaced at Invesco

The manager of the poorly performing Invesco Perpetual US Growth fund has resigned and the mandate has been handed to Henley-based manager Rita Whig, the group's retail head of US equities. Trent May, who managed the fund from Denver in the US, left the group at the beginning of July bringing forward the date which Invesco Perpetual planned to hand the fund over to Whig. Invesco Perpetual chief investment officer Bob Yerbury said the move, which comes as the fund has slipped into the bottom five worst performing funds in the entire UK fund universe in the three years to 1 June 2002, wa...