Invesco gilt manager Loudoun exits

Jack Loudoun, manager of the Invesco Gilt fund, has resigned from the company after eight years at the firm.

Loudoun, who is leaving to pursue another opportunity in the industry, has been replaced by co-manager Paul Mueller who has worked alongside him on the fund since 2003. Invesco said the £87m fund, which has lagged the peer group over the last three years after returning 16% compared to the IMA UK Gilts sector return of 17.3%, will keep its current investment strategy. Invesco said in a statement: "Jack Loudoun is leaving Invesco to pursue another opportunity in the industry and we wish him well in his new endeavours. "Paul Mueller, an experienced manager of gilt portfolios, will ta...