Long-term growth focus places de Fonclare's fund ahead of peers

Manager focuses on mid to long-term investments rather than typical special situations

Cédric de Fonclare's Europe fund is steaming ahead of its peers, which he believes is largely due to its focus on longer-term growth themes. He took over the £372m Jupiter European Special Situations fund on 15 July 2005, and in the near three years since has delivered a top-quartile 50.8% according to Morningstar. "The European Special Situations fund has probably got the wrong name," he said. "I am not event driven - I do not chase M&A - and my investment process is about making mid- to long-term investments." Rather than looking for special situations, de Fonclare is currently focu...