Ian Brady has assumed responsibility for Invesco Perpetual's £34.8m US Smaller Companies fund, bring...
Ian Brady has assumed responsibility for Invesco Perpetual's £34.8m US Smaller Companies fund, bringing the running of the portfolio back to the UK from Denver.
Stacey Cowell had run the original Invesco GT portfolio out of the US since 1997, with the Perpetual US Smaller Companies fund merged into it back in 2001.
After a review of the activities of its US fund management capabilities in Denver, Invesco said it had decided to consolidate its US retail equities capacity under Brady in Henley.
The group said there will be no immediate changes to the structure or objective of the fund although Brady will review the portfolio in due course.
Brady now runs all the group's US retail products, also managing the £15m US Aggressive and £179m US Equity portfolios.
As head of US desks at Invesco Perpetual and former employer Schroders, the group said Brady has good experience down the market cap scale in the US. He currently has 28.8% of US Equity in small caps, defined as stocks with a market capitalisation below $5bn, and 33.1% of US Aggressive.
Brady rejoined Invesco in 2003, after two years at Schroders, taking over the two multi-cap funds from Rita Whig.