Newton's US head Laing joins Invesco Perpetual

Newton's Simon Laing has joined Invesco Perpetual as head of US equity fund management.

He will take on the management of the £332m US Equity fund and will also be involved with the global equity team. At Newton he was director of investment management for North American equities and co-chairman of the equity strategy group. He joined Newton as a research analyst before moving into portfolio management in 2000. Nick Mustoe, Invesco Perpetual CIO, said the appointment demonstrates the group's commitment to US equities and its ambitions in global equities. The fund has fallen 0.8% in last year, compared to a 2.1% average gain for IMA North America sector. Over three ...