Opportunity to start with a blank sheet of paper and free from Woodford unquoteds
Chelsea Financial Services managing director Darius McDermott said Tellworth is a “chance for a fresh start” for Barnett whose final years at Invesco were marred by torrid performance and heavy outflows.
“Mark had a bad time of it at the end of his time at Invesco – taking on huge funds that stayed in redemption over his tenure, coupled with his style being out of favour, was a combination that he and his investors never really recovered from,” McDermott said.
At the time of Barnett’s departure his Invesco High Income and Income mandates were lingering near the bottom of the IA UK All Companies sector, sitting on losses of 40% over three years.