The US range has been a thorn in Invesco Perpetual’s side in recent times. Former manager Ian Brady left in December 2007 and was replaced by Andrew Shard in February this year.
Speaking on the US range in this weeks Money Marketing Invesco Perpetual chief investment officer and chief executive Bob Yerbury said: “I admit it does not look great but it is hard for any fund firm to be good at everything and it is important to recognise that we are looking to remedy the situation. Further additions to the team are also likely in the future.”
The changes are expected to take place on May 23.