Investec moves American fund to quality approach with manager change

Now run by Michael Hayward

Investec Asset Management has appointed Michael Hayward as manager of the Investec American and offshore American Equity funds, replacing Alessandro Dicorrado.

Dicorrado has managed the fund since March 2016 and Investec said he would now focus on his global value investment responsibilities.  Hayward has worked as an equity analyst at the firm since June 2013, joining from RMB Asset Management. As a result of the change, the funds will now be managed using a quality investment process rather than a value one. Why investors should remain optimistic on the US despite political upheaval This means it will invest in 20 to 40 quality US companies which are highly cash-generative and invest for future growth, while avoiding those which sit ...