Invesco Perpetual hands global fund to Anness

Invesco Perpetual has handed UK manager Stephen Anness its Global Opportunities fund as part of a reshuffle of its equities division.

The group said Anness (pictured), who has delivered top quartile returns for investors in the £123m UK Aggressive portfolio, will take over the £53m Global Opportunities fund in the new year, when he will also join its global equities team.

His Aggressive fund will be handed to colleague Martin Walker, who runs the group’s £820m UK Growth fund.

Anness, who has achieved a return of 26.3% for investors in the Aggressive fund over the past year, well ahead of the average UK All Companies fund return of 18.8%, will have an unconstrained global mandate on his new fund.

Nick Hamilton, head of global equity products, said Anness’ appointment as lead manager on the fund would give the group a flexible product which could invest anywhere around the globe.

“The purpose of Stephen’s product is to have a totally unconstrained, concentrated portfolio investing globally,” he said.

The fund was previously run by the group’s Global Equity Group of fund managers, with no named lead manager.

Under their stewardship it has delivered 24.1% over the last three years, compared to the average fund in the IMA Global sector which returned 17.7%.

Nick Mustoe, CIO at Invesco Perpetual, added: “Global equities is a core priority for the business, and under the leadership of Nick Hamilton, we have been building our franchise.

“Stephen has already played an important role in the development of the GEG and has a keen interest to explore this further.”

 

This article was first published on Investment Week

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