Top-ranked energy specialists join Commodities and Resources investment team

12 February 2008 Investec Asset Management

Investec Asset Management is pleased to announce that it has appointed Mark Lacey and Jonathan Waghorn to join its Commodities and Resources Investment Team.

Lacey and Waghorn, who will be based in Investec Asset Management’s London office, were previously employed at Goldman Sachs as Executive Directors and were joint heads of its highly ranked Energy Research team. In 2007, Lacey was the number one rated oil and gas analyst in the leading investment survey “Thompson Extel”. Waghorn was rated a 5-star analyst by “Starmine” for his stock-picking and earnings estimates in the oil and gas sector, one of only two 5-star analysts in this sector.

Domenico Ferrini, Investment Director at Investec Asset Management commented:

“Expertise in the Commodities and Resources area is a key part of the portfolio of specialist capabilities which support the business model of Investec Asset Management. The recruitment of a top calibre team demonstrates our long-term commitment to the Commodities and Resources proposition. Commodity related investing has been one of the corner stones of our investment business since inception in 1991 in South Africa, a resources-led economy.”

Investec Asset Management currently manages over $65bn globally and in excess of $5bn in commodities and resource related assets, including the successful Global Energy and Global Gold Funds and the new Investec Global Commodities & Resources Hedge Fund, which has returned in excess of 41% since its launch1) in January 2007.

The Commodities and Resources team will now comprise seven members with an average of over ten years experience in commodity and resource markets.

Given the global nature of commodity markets, the team – with its diverse background in both financial markets and industry – has members operating from London as well as Cape Town.

Quick Polls


The shocking crime and motor vehicle accident statistics shared during a recent SHA presentation suggests that group personal accident and personal accident cover are a no-brainer. Do you agree?


Not sure
fanews magazine
FAnews April 2024 Get the latest issue of FAnews

This month's headlines

FAIS Ombud lashes broker for multiple compliance blunders
TCF… a regulatory misfit initiative?
The impact of NHI on medical malpractice insurance
Fixed versus variable: can you have your cake and eat it too?
The future world of work
Subscribe now