Investec

Leading asset managers are calling for drastic changes to the way the IMA operates, with some arguing the trade body should no longer be responsible for sector names or definitions.

AUSTRALIA

Investec Asset Management has revealed it intends to break into the top five independent asset managers by assets within the next five years, after seeing strong inflows in the last year.

Investec Asset Management's Alastair Mundy has revealed buying JJB Sports five years ago was the biggest mistake of his investment career.

MUNDY'S MOMENT

Investec Asset Management is the latest group to launch a range of clean share classes ahead of the year-end RDR deadline.

Philip Shaw, Investec's chief economist, expects the Bank of England to extend its quantitative easing programme on Thursday, arguing more liquidity needs to be pumped into economy to drag the UK out of recession.

Investec Asset Management's energy fund managers, Mark Lacey and Jonathan Waghorn, are leaving the firm to join a physical commodities trader.

Investec is launching an inflation-linked fund, targeting a return of CPI inflation plus 5%, as part of an expansion of its Managed Solutions fund range.

THE BIG QUESTION