Invesco Perpetual

St James's Place is to reallocate £7bn in mandates currently run by Invesco Perpetual to Neil Woodford and Threadneedle, with a further £700m mandate going to Manulife.

Invesco Perpetual has confirmed Mark Barnett's High Income fund is to exit the UK Equity Income sector at the end of the month, with two other income funds likely to follow suit.

Whitechurch Securities is considering imposing a cap on the size of funds it buys for clients, a move which may see it automatically sell a fund once it hits a set limit.

Oakley Capital has hired F&C's co-head of UK wholesale and a number of ex-Invesco sales staff as its funds team swells to more than a dozen ahead of star manager Neil Woodford's arrival, Investment Week understands.

ON BONDS

GOSLING'S GROUSE

Invesco Perpetual's Mark Barnett has taken over Neil Woodford's £8.4bn Income and £13.1bn High Income funds with immediate effect, ahead of his original end-April start date.

As the latest figures from the IMA show Absolute Return funds have seen their highest retail sales for over four years, Standard Life Investments' phenomenally successful GARS fund is starting to face more competition from peers.

Members of Invesco Perpetual's sales team have left the business in order to join Neil Woodford's new venture, Investment Week understands.

Invesco Perpetual is launching a new discounted share class for five of the UK's largest platforms, offering their users cheaper access to its fund range, Investment Week can reveal.