Hamilton looks to boost 'mediocre' returns on £1bn IP Global Equity

Nick Hamilton, head of global equity products at Invesco Perpetual, is hoping to boost the "mediocre" performance of the group's £1bn Global Equity fund by positioning less defensively and adding to US exposure.

He admitted the performance of the Global Equity fund has been disappointing in the last three years, blaming low exposure to US. He said the group did not have "sufficient resources" in the country until Simon Laing and Simon Clinch were hired to head up US equities earlier this year. "The fund has been middle of the pack, delivering a mediocre result. One of our biggest challenges has been US equity capabilities but we are absolutely delighted by how Laing and Clinch have come in to set up the team and have started delivering - we are hugely confident in these managers." Over the th...