Wealth Manager - the site for professional investment managers

Register to get unlimited access to 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 Mark Barnett - part 2: why I'm not buying Lloyds

Mark Barnett - part 2: why I'm not buying Lloyds

In the second part of our exclusive video interview, Barnett explains why he has no intention of buying Lloyds, and where he sees the greatest income opportunities.

Play Wealth managers reveal the best investment ideas of the year

Wealth managers reveal the best investment ideas of the year

From robotics to impact investing, wealth managers share the best ideas they have heard this year.

Play Baillie Gifford's Earnshaw on Xi Jinping's 'new era'

Baillie Gifford's Earnshaw on Xi Jinping's 'new era'

Sophie Earnshaw talks through what Xi Jinping's 'new era' means for investors. and why Chinese tech offers some of best growth stocks in the world.

Read More
Your Business: Cover Star Club

Profile: JM Finn on why the future is with financial planners

Profile: JM Finn on why the future is with financial planners

There is a lot of work on pension consolidation and Sipps have been a big driver there, says JM Finn chief executive

Wealth Manager on Twitter