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.

Related Fund Managers

Bradley George
Bradley George
7/19 in Equity - Natural Resources (Performance over 1 year) Average Total Return: -2.74%
Citywire TV
Citywire TV
Citywire TV
Play Sam Vecht: the best opportunities in frontier markets

Sam Vecht: the best opportunities in frontier markets

Blackrock's Vecht evaluates frontier markets and explains where he sees the opportunities

Play Where A-rated Pattullo is finding the best bond opportunities

Where A-rated Pattullo is finding the best bond opportunities

Henderson Global Investors head of retail fixed income explains how he is managing his fund against the surprise current monetary policy divergence.

1 Comment Play Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Our much anticpated new series is here! We hand a black cab driver a tenner and grill the manager of the 125-year Merchants trust until the meter runs out.    

Your Business: Cover Star Club

Profile: meet the duo at the heart of Hargreave Hale's succession plan

Profile: meet the duo at the heart of Hargreave Hale's succession plan

For the first time in the company's history a non-Hargreave is now at the head of the north west broker and asset manager

Wealth Manager on Twitter