Just two positive Active funds over three years

Active Managed sector has seen tough three years with only two funds in the sector posting positive returns and average manager down 11%

It has been a tough few years for the Active Managed sector, with the average fund losing 11.4% over three years to 13 October according to data from Morningstar. One of only two funds in the peer group to deliver a positive return over the period is Ruffer Equity & General. The £86m vehicle, run by Alex Grispos ranks first in the sector over three months and three years, and second over one year. It produced a return of 6.1% over three years largely due to a cautious approach to financials. Grispos said: "The events of September were extraordinary and it was hard to foresee the dem...