Epic focuses on steadier financial businesses

Managers only buy business models they understand and managed to avoid Northern Rock as they disliked its theory of lending long and borrowing short

Sub-prime lending, the credit crisis and Northern Rock have driven managers away from financials, but the sector fund offered by EEA has continued to outperform. Epic Insurance & General, managed by Simon Shaw and Jonathan Fieldsend, has outperformed over one and three years, and also achieved one of the highest returns compared to other financial vehicles in the past three months. The £73m fund launched in October 2003 after former Insight manager Shaw set up EEA in August 2004. He recruited Fieldsend after working together on the UK equity desk at Clerical Medical. Fieldsend spoke to ...