Outperforming Ruffer Euro fund leaves big name managers trailing in its wake

Timothy Youngman uses combination of stockpicking and top-down asset allocation to survive credit crunch, achieving 58.4% growth over three years

Big name managers have lost ground dramatically in the Balanced Managed sector as Ruffer's European fund outstrips the competition. The vehicle, known for its aggressively high cash stance, has a three-year return double that of the next best contender, Arch Cru Balanced. CF Ruffer European has achieved 58.4% growth over three years as at 3 November, according to Morningstar. CF Arch Cru Balanced is up 26.1% over the same timescale, while third-place CF Miton Special Situations Portfolio is up 16.6%. Balanced Managed funds have to invest no more than 85% in equities, with at least 1...