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.

Mark Barnett: it will be a challenge, but my process is scalable

Mark Barnett: it will be a challenge, but my process is scalable

Citywire AA-rated Mark Barnett has argued that his investment approach will enable him to manage larger sums of money, but acknowledged that it will be a challenge.

‘The honest answer is I don’t know,’ Barnett (pictured) admitted on the issue of whether he can cope with handling tens of billions of assets. He has recently taken on the £1.4 billion Edinburgh Investment Trust after Invesco retained the fund’s mandate. This will take assets under Barnett's management to more than £26 billion; at this point last year he oversaw less than £5 billion.

However, Barnett contended that his focus on long-term investments – his average holding period is 4-5 years – was ideally suited for huge funds. ‘With much larger sums of money, that is reinforced,’ he commented. 'You have to take decisions that will last and support businesses over the long term.’

He added: ‘My approach, style and philosophy lends itself to large funds. My belief is my process is scalable to larger sums of money.’

Barnett also noted that he was assisted by the broader UK equities desk in Invesco. ‘Importantly, I’m not doing it on my own,’ he remarked. He confirmed too that ‘there is some recruitment going on’ for his team.

As well as fellow fund managers, Barnett highlighted the contribution of the firm’s dealers. While the outflows from funds such as Invesco Perpetual Income and Invesco Perpetual High Income were still being handled by Neil Woodford, Barnett revealed that he viewed the process as an opportunity to reshape the portfolios.

‘My stance would be to try to fund the redemptions in a way which is unpredictable and as anonymous as possible. You don’t want to make the changes where the market sees it coming.’

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

Mark Barnett
Mark Barnett
9/78 in Equity - UK Equity Income (Performance over 3 years) Average Total Return: 72.49%
Neil Woodford
Neil Woodford
30/78 in Equity - UK Equity Income (Performance over 3 years) Average Total Return: 55.61%
Citywire TV
Brewin's Gutteridge: the opportunities in UK challenger banks

Brewin's Gutteridge: the opportunities in UK challenger banks

In this week's podcast, Brewin Dolphin's Ben Gutteridge and Guy Foster, discuss opportunities in the global financials sector with Aptus' Johnny De La Hey.

Play Charles Tan on Woodford & hidden trust income gems

Charles Tan on Woodford & hidden trust income gems

Cantor Fitzgerald investment company analyst Charles Tan discusses Woodford Patient Capital and some of the income trusts slipping under the radar.  

Brewin's Foster: the world’s most unconventional monetary policies

Brewin's Foster: the world’s most unconventional monetary policies

In this week's podcast, Guy Foster asks why the world’s biggest economies are pursuing some of the world’s most unconventional monetary policies. 

Your Business: Cover Star Club

Profile: how Close Brothers gave power back to the regions

Profile: how Close Brothers gave power back to the regions

Almost a year into the role, Close Brothers Asset Management head of wealth management Andy Cumming has highlighted three keys areas of focus

Wealth Manager on Twitter