Powe takes over GLG Continental Europe fund

clock

GLG has made Rory Powe manager of its Continental Europe fund, following his move to the group in July.

Powe, a European veteran who made his name running the Invesco Perpetual European Growth fund in the 1990s before launching his own business, will take over the fund from Sandy Rattray, chief executive of Man Group's AHL quantitative trading division. Under Rattray (pictured) the £64m fund has returned 61.4% over the last five years, ahead of the IMA Europe ex-UK sector average of 49%. Powe will take over the fund at the start of October, implementing his own growth-orientated investment style, although its objective remains the same. Teun Johnston, co-CEO of Man GLG, said: "Buildi...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Europe

Timing of ECB rate cuts in doubt as core eurozone inflation measure disappoints

Timing of ECB rate cuts in doubt as core eurozone inflation measure disappoints

Services price inflation remains sticky

Valeria Martinez
clock 01 February 2024 • 1 min read
Eurozone inflation rises to 2.9%

Eurozone inflation rises to 2.9%

Driven by energy prices

Elliot Gulliver-Needham
clock 05 January 2024 • 1 min read
European mutual funds suffer €19bn outflows in October

European mutual funds suffer €19bn outflows in October

LSEG Lipper European Fund Flows

Cristian Angeloni
clock 27 November 2023 • 2 min read
Trustpilot