Invesco strengthens multi-asset team as GTR assets top £1bn

Invesco Perpetual has boosted its Global Targeted Returns team as assets in the UK-based strategy top £1bn, 18 months after launch.

The firm has moved OTC derivatives and alternatives team manager Michael Marshall over to its multi-asset team as a risk analyst, taking total personnel on the strategy to nine. The move comes as the Global Targeted Returns fund, run by former Standard Life Investments GARS managers David Millar, Dave Jubb and Richard Batty, sees inflows accelerate. The fund reached its one-year anniversary last September and passed institutional investment consultants’ due diligence process at the end of last year, according to Millar. With total assets in the strategy - which incorporates an offs...