Pease quietly optimistic on future despite falling into fourth quartile

European Growth manager's track record holds him in good stead to negotiate turmoil

New Star European Growth managed by Richard Pease has an enviable track record having maintained first or second quartile performance over each one-, three- and five-year period since launch. Pease has worked in the investment industry for over 24 years and has built up a reputation for being one of the best Europe ex UK managers in the business. However, the last six months has seen his performance slip into the fourth quartile with negative returns of 23.62% only just ahead of the IMA Europe Excluding UK sector average of -25.83% to 20 February. In view of market volatility over t...