Funds Hub

Money managers under the microscope

Hedge funds, take heart!


Many commentators have written the obituary of the hedge fund industry, or of some of its more esoteric or leverage-dependent strategies, during the credit crisis.

rtr257fkSo it may be of some encouragement to see a new launch by Invesco Perpetual, announced today.

It’s not a hedge fund, but instead a split-capital investment trust, a type of fund that was the subject of its very own investment scandal earlier this decade.

After millions of pounds of investor losses the name of splits became so downtrodden — even though many such funds were relatively well-run vehicles — that it seemed unlikely the sector could ever amount to much again.