Investec to bring Global Energy fund in-house

The group has this week appointed Mark Lacey and Jonathan Waghorn, both of whom will be joint portfolio managers of the fund and its offshore twin, which have combined assets under management in the region of $2.1bn. The pair were previously joint heads of energy research at Goldman Sachs; Lacy was rated number one oil and gas analyst in 2007 by Thompson Extel, while Waghorn has achieved a five star rating by StarMine. Currently, around $5bn of the £65bn that Investec has under management is invested in its commodity related funds and assets under management. David Aird, managing dire...