Edinburgh IT set to dump Invesco's Barnett in favour of Majedie
Follows extended period of underperformance
Barnett to lose Edinburgh IT
The board of the Edinburgh Investment Trust is set to appoint Majedie Asset Management as its new manager, following continued underperformance of the company under Invesco's Mark Barnett.
Under Majedie, the firm's CIO James de Uphaugh will serve as portfolio manager of the trust, which is looking to overcome more than three years of poor performance as a result of what the board described...
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