Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

Mustoe steps in as Invesco Perpetual loses global equity income duo

Mustoe steps in as Invesco Perpetual loses global equity income duo

Nick Mustoe, chief investment officer at Invesco Perpetual, is taking on the management of the firm’s Global Equity Income fund following the departure of Paul Boyne and Doug McGraw.

Invesco said the changes take place with immediate effect on Boyne and McGraw’s decision to leave for another company based in North America.

In running the fund, Mustoe will keep in place the same investment strategy and will be supported by the Global Equity Group.

The firm said a new manager for the fund will be appointed in the New Year.

Mustoe said in a statement: ‘We are committed to our global equity income franchise in which we have invested significant resource over the last four years and we look forward to building on these foundations in 2013 and beyond.’

Only earlier this week the firm revealed a manager reshuffle, designed to focus more on its global equity arm.

As part of this move, Stephen Anness is taking over the firm’s £53 million Global Opportunities fund from the start of next year, passing over the management of his UK Aggressive fund to Martin Walker.

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

Stephen Anness
Stephen Anness
64/446 in Equity - Global (Performance over 3 years) Average Total Return: 44.79%
Paul Boyne
Paul Boyne
47/84 in Equity - Global Equity Income (Performance over 3 years) Average Total Return: 26.24%
Doug McGraw
Doug McGraw
48/84 in Equity - Global Equity Income (Performance over 3 years) Average Total Return: 26.24%
Your Business: Cover Star Club

Profile: Kevin Doran's formula for success at AJ Bell

Profile: Kevin Doran's formula for success at AJ Bell

From a degree in theoretical physics to teaching and becoming one of the youngest chief investment officers in the UK, Kevin Doran has certainly had an interesting career.

Wealth Manager on Twitter