Invesco and Barnett relieved of Perpetual Income and Growth management duties
Follows 'an extended period of underperformance'
The board of the Perpetual Income and Growth trust has given Invesco Fund Managers a notice of termination, removing Mark Barnett from management duties after "an extended period of underperformance".
Barnett, who has managed the trust for more than 20 years, has previously been under pressure from the trust's board, which said the "the decision had not been taken lightly" and identified the manager's...
More on Investment
Phoenix Group signs UN-backed Principles of Responsible Investment
Phoenix Group has become a signatory of the UN-supported Principles of Responsible Investment (PRI).
John Bennett: Assessing the complex concept of 'value'
Value is in the eye of the beholder
Charlie Nunn appointed as Lloyds Banking Group CEO
Replaces António Horta-Osório
Morningstar IM launches range of multi-asset funds
Blending active and passive strategies
Schroders scrapes £75m for British Opportunities Trust as UK smaller companies launches fail to entice
Schroders 'faces headwinds'
More news
Neil Moles: Taking the temperature of 2020
'Advice gap clearly visible'
Drawdown retirees savers remain reluctant to pay for advice, says Aegon
A tenth of pension savers would consult an adviser
Ian Dickinson: Advice needs a reboot not a robot
‘Fiddling while Rome burns’
SimplyBiz Group expands DB transfer referral panel
P&B Wealth joins DB transfer bureau
