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Invesco loses top-performing global equity income managers

Invesco Perpetual global equity income duo Paul Boyne and Doug McGraw have both left the firm.

The pair manage the £300m Invesco Global Equity Income fund. The fund, which launched in March 2009, is the top performing fund in the Investment Management Association Global Equity Income sector over three years, having returned 36.8 per cent compared to a sector average of 25.4 per cent.

Both Boyne and McGraw have left for roles at a North American firm.

Boyne joined Invesco in October 2008 as a senior fund manager within the global equities team. He has previously held roles at Grant Thornton, Morgan Stanley Investment Management and Bank of Ireland.

McGraw joined Invesco in December 2009 initially as a senior analyst, before becoming a fund manager within the global equities team.

Invesco Perpetual chief investment officer Nick Mustoe will take over the management of the fund in the interim, backed by the global equity team. Invesco is looking to hire a fund manager for the team in the New Year.

Mustoe says: “We are committed to our global equity income franchise in which we have invested significant resource over the last four years and we look forward to building on these foundations in 2013 and beyond.”

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There is one comment at the moment, we would love to hear your opinion too.

  1. wondering if it is because the fsa has made them seek better opportunities away from fees and into a land of the free from incessant regulations and red tape

    as somebody else said the last one in the room please turn the lights off, it is amazing that the fsa didnt bring up the idea of 5 days redundancy notice

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