Meanwhile Invesco Perpetual confirmed that fund manager Stephen Lamacraft, along with analysts Saku Saha and Paul Lamacraft, have decided to leave the company.
Lamacraft has managed the UK equities part of the Invesco Pan European Equity Income Fund since January 2013.
UK equities fund manager James Goldstone has taken over the responsibilities of the fund, working alongside Mark Barnett, Martin Walker and Ciaran Mallon. Taking on the analyst responsibilities is Frederick Bouverat, with other members of the UK equities team.
In April, St James’s Place announced it was pulling £8bn out of Invesco Perpetual as Neil Woodford prepares to set up his new investment house.
