Mark Barnett funds could suffer further writedowns as Goldman Sachs AM closes in on unquoteds
Invesco slashed Barnett’s unlisted holdings by 60% in late March
Invesco slashed Barnett’s unlisted holdings by 60% in late March
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Perpetual Income & Growth and Edinburgh investment trusts collectively represented £1.5bn
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Invesco Income and Invesco High Income were both nearing their 10% limit in unlisted holdings
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City watchdog has been investigating Moneybarn since December 2017
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Final valuation of Woodford Equity Income cements fund manager’s biggest ever maximum drawdown
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Ambrice Miller has a history in institutional sales and securities lending
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But Mark Barnett’s positioning still draws parallels with his predecessor
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Pair of biotech stocks face double digit falls after Invesco manager defends positioning
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‘It cannot be overstated that the portfolios I manage are very different’
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US fund giant hits back by pointing at market cap of holdings in Barnett’s portfolio
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Could Invesco’s history with the beleaguered manager be a reason to stay away?
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Nick Mustoe had been in the role for almost a decade
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