Invesco Perpetual's Barnett steps down from Keystone IT; Goldstone to take over

Management fees also changed

Invesco Perpetual's Mark Barnett will pass his managerial responsibilities for the £230m Keystone investment trust to fellow equities manager James Goldstone.

The group said the changeover will be effective from 1 April and will coincide with a change in the trust's management fee arrangements. The change comes just six months after Barnett (pictured) stepped down from the £70m Select UK Equity trust, the management of which also was given to Goldstone. Goldstone has been a member of the Invesco Perpetual UK equities team for five years and also recently assumed responsibility for the UK portion of a pan-European equity mandate. Since April 2014, he he has also managed a unit-linked UK equity pension fund. Beatrice Hollond, chair of Keys...