InvestorDaily yesterday incorrectly stated in its story "Schroders snaps up CSAM chief" that fund manager Invesco was forced to close down its Australian equities operation. This is not the case.
Invesco's Australian equities operation is fully functioning and manages over $1 billion in Australian large and small cap equities.
Invesco would also like to stress that investment manager Mark Landau's decision to leave the firm earlier this year was in no way related to the departure of managers Rohan Walsh and Luke Sinclair - as might have been inferred by yesterday's story.
Within its Australian equities team, eight of the ten positions remain in place. It still has three experienced large cap analysts, a smaller companies capability headed by Cynthia Jenkins, and an equities dealer and senior economist.
We sincerely apologise both to Invesco and to our readers for any confusion this might have caused.
