GLG hires veteran Powe for European fund launch

clock

GLG has hired veteran European fund manager Rory Powe as it moves to expand its product range with a European long-only fund.

Powe, who has previously worked at Invesco Perpetual, has more than 25 years' experience managing portfolios and selecting stocks in Europe. He joins from Powe Capital Management (PCM), the business he launched in 2001 after his exit from Invesco. At GLG he will launch and run a focused European equity long-only strategy as the group moves to develop its equity offering. Powe made his name running the Invesco Perpetual European Growth fund in the 1990s, but left after a period of underperformance following a dramatic increase in the size of the portfolio which impacted his mid-cap ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Europe

Timing of ECB rate cuts in doubt as core eurozone inflation measure disappoints

Timing of ECB rate cuts in doubt as core eurozone inflation measure disappoints

Services price inflation remains sticky

Valeria Martinez
clock 01 February 2024 • 1 min read
Eurozone inflation rises to 2.9%

Eurozone inflation rises to 2.9%

Driven by energy prices

Elliot Gulliver-Needham
clock 05 January 2024 • 1 min read
European mutual funds suffer €19bn outflows in October

European mutual funds suffer €19bn outflows in October

LSEG Lipper European Fund Flows

Cristian Angeloni
clock 27 November 2023 • 2 min read
Trustpilot