Ahead of his original late-April start, Barnett now holds the management responsibility for the two funds which were previously managed by Neil Woodford, who announced his departure in October last year.
“Transition plans have progressed well since October 2013, and Mark is ready to assume responsibility for the funds,” Mark Armour, chief executive of Invesco Perpetual, said.
Until his departure on 29 April, Woodford will concentrate on managing a number of segregated accounts.
Woodford is understood to be preparing an income fund that looks remarkably similar to that which he ran at Invesco Perpetual. He will land at Oakley Capital’s offices in early May and is expected to launch the fund then, with a three-week introductory offer period.
