Invesco Perpetual’s head of distribution Ian Trevers has said a multi-asset capability will be essential for success post-RDR after Invesco revealed it had hired a trio of multi-asset managers last week.

The group has poached Richard Batty, David Millar and David Jubb, who currently work on Standard Life Investments’ £12bn Global Absolute Return Strategies (Gars) fund, to build out its multi-asset capability.

Mr Trevers said he was “convinced” that multi-asset funds were not a passing product fad.

“Being successful in the multi-asset space will be a requirement for businesses like us to be successful in the next decade,” he said. “We wanted to get this done properly and not quickly.”

Source: FT Adviser.  Read full article here.