Barnett sacked as Perpetual Income and Growth manager

Mr Barnett took over the management of most of his funds when he replaced former star fund manager Neil Woodford as head of UK equities at Invesco in 2014.

He deployed the same value style of investing as Mr Woodford, and had major investments in many of the same companies as his former boss, including chronic underperformers such as Stobart Group and Provident Financial.  

However last November he shrugged off the comparisons following the collapse of Mr Woodford's business, telling investors that under his stewardship the funds had “chartered a very different course” and that the portfolios were now “very different”.

He also denied facing the same liquidity problems as Mr Woodford.

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