Oil and agribusiness bets driving Ashburton Europe

Richard Robinson fund avoids major losses during volatility

Ashburton's European Equity fund, headed by Richard Robinson, has managed to avoid major losses through recent turbulence. The €83m vehicle has returned in line with its sector over the past year and maintains a strong three-year performance record, with 107% against the sector average of 43.18% according to Morningstar figures. Although European markets posted their fourth consecutive monthly decline in February, the fund finished considerably higher, bolstered by its oil and agribusiness calls. Robinson said commodities experienced their biggest monthly gain since the oil crises of ...