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Monday, July 1, 2002

Invesco Lay-Offs

by: Tony Pennino

Invesco will be laying off 15 percent of its workforce, according to an article in The Wall Street Journal. Among those to hit the bricks are three portfolio managers of underperforming funds: Trent May of the Endeavor Fund (IAEVX), Doug McEldowney of the Global Growth Fund (IGWAX), and Tom Samuelson of the Advantage Fund (IADAX). Other Invesco managers will take over their responsibilities. 

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