Rory Powe quits Invesco Perpetual

European long-only manager Rory Powe is leaving Invesco Perpetual to establish a boutique asset management house and launch a hedge fund. Powe was manager of the £2bn Invesco Perpetual European Growth fund. Powe's new fund is a long/short European equity hedge fund. The approach will be a bottom-up stockpicking portfolio investing across all capitalisation levels in the market.