Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Duo take control of Investec's £1bn energy franchise

Duo take control of Investec's £1bn energy franchise

Investec Asset Management has officially named Tom Nelson and Charles Whall as co-managers of its global energy portfolios.

Last year Investec poached Nelson and Whall from Guinness Asset Management and Newton Asset Management, respectively, after Wealth Manager revealed their predecessors Jonathan Waghorn and Mark Lacey had resigned.

Nelson (pictured) and Whall joined the firm in September 2012, initially as energy specialists within the commodities and resources team supporting the team head Bradley George, who has been managing the funds in the interim.

The £1 billion range includes the Investec GSF Global Energy fund, which according to Lipper has returned 3.2% over the last year, making it the third best performer out of the 103 funds in its peer group. Over three years the fund has kept losses down to 0.4% versus an average fund decline of 1.9%.

George is confident the duo can exploit what he expects to be an exciting year for energy companies. 'We continue to see a tightening oil market as global demand continues to grow, supply disappoints and therefore we expect stronger long-term crude oil prices.

'We believe many oil and gas companies are significantly undervalued relative to current and longer-term energy prices and are excited about the total shareholder return prospects for energy companies into 2013.'

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play JPM’s Negyal: Back divis to temper EM volatility

JPM’s Negyal: Back divis to temper EM volatility

Omar Negyal, co-manager of the JPMorgan Global Emerging Markets Income trust, says a dividend approach to emerging markets reduces the volatility of investing in the asset class.

Play WMR: Why Russia will lose this war

WMR: Why Russia will lose this war

Author and journalist Adam Lebor believes a perfect storm is brewing when it comes to the Russian economy. .

Play WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

Chief economic adviser to London mayor Boris Johnson outlines the geo-political risks in Asia and explains why the risk of another eurozone crisis must not be underestimated.

Your Business: Cover Star Club

Profile: 'new normal' now is as dangerous as when it was applied to tech

Profile: 'new normal' now is as dangerous as when it was applied to tech

7IM's CIO Chris Darbyshire says he has been re-energised by his new role, but has little time for 'new normal' doom-mongers

Wealth Manager on Twitter