Manager News – Nov 2020
Odey Asset Management: 3rd November 2020
Crispin Odey, founding partner and Chief Executive of Odey Asset Management, is to step down from running the company to focus on portfolio management. In addition the group will launch a new fund for Odey to manage, the Odey Inflation fund, which he will manage alongside his other mandates at the group. Tim Peary will succeed Odey as Chief Executive Officer.
Invesco Global Targeted Return: 17th November 2020
David Jubb has stepped back from managing Invesco’s Global Targeted Return fund, in order to focus on research and analysis for the firm. Sebastian Mackay will take Jubb’s place as co-manager alongside existing managers David Millar, Gwilym Satchell and Richard Batty.
Perpetual Income & Growth Trust: 18th November 2020
The Perpetual Income & Growth Investment Trust has today completed its merger with the Murray Income Trust, which is managed by Charles Luke of Aberdeen Standard Investments. The trust was operated by Invesco until April this year and the board of directors had been seeking a new manager before agreeing the merger.
GAM North American Growth: 20th November 2020
Gordon Grender is stepping down from managing the GAM North American Growth fund, which he has managed since 1985. Ali Miremadi and Kevin Kruczynski, who currently co-manage the GAM Star US All Cap Equity fund, will succeed Grender on the North American Growth fund.