Euro manager Hoyland quits Invesco Perpetual

The management of the £66m European Equity Income fund will pass to Stephanie Butcher. Hoyland, who leaves to concentrate on her family, also manages the equity element of the European High Income fund, with co-heads of fixed income Paul Read and Paul Causer running the bond element. Butcher managed both funds during Hoyland's recent maternity leave, the group says. Jeff Taylor, the head of European equities, says: "As a team we work extremely closely together and, while we are clearly sorry to see Katharina leave, our clients can be completely confident that the funds' management ...