Charles Whall joins from Newton Asset Management where he was most recently their lead oil and gas analyst and Tom Nelson joins from Guinness Asset Management where he has worked since 2005, most recently as co-portfolio manager of its Global Energy Fund.
They join Investec at a time when it is increasing its commodities and resources expertise to suit the needs of clients’ differing requirements as it is confident that energy equities will continue to re-rate upwards given that the oil price remains at elevated levels.
Domenico Ferranti, co-chief investment officer, commented: “We believe that the combination of Charles and Tom’s diverse backgrounds of deep analytical knowledge in the energy sector will enrich our team’s ability to provide successful, innovative investment strategies for our clients.”
He added: “They are bottom-up analysts who base their opinions on deep knowledge of fundamentals, and both believe in the importance of a thorough understanding of the underlying commodity price on an energy stock’s performance.”
