Bain turns performance around on struggling fund

F&C Japan Growth manager has taken fund up two quartiles in 2008 so far, despite region's worst quarter of equity performance in 18 years

Stefan Bain replaced Lay Peng Soh on the struggling F&C Japan Growth fund earlier this year and has started to turn performance around. Bain has taken the vehicle from fourth quartile over one, three and five years, to second quartile over three months. The manager has also outperformed the Japan peer group over three months to 2 June, posting 5.6% against a sector average of 5.3% according to data from Morningstar. At the end of last year, the group changed the process on its Asian mandates in order to remedy poor performance. Formerly high alpha products, the vehicles have moved t...