Problems with US funds

Over the past few months, Rupert Della-Porta's F&C North American fund has begun to pull away from its Aberdeen rival

Manager changes on Foreign & Colonial and Aberdeen's mainstream US funds have so far failed to lift either portfolio out the bottom half of its sector since the start of 2003. It is a far cry from the 1990s when Foreign & Colonial was highly regarded for its US small cap expertise under James Findlay and from September 2000 when Aberdeen recruited the high profile Katherine Garrett-Cox and her US team from Hill Samuel where they had built up a strong record and reputation on large and small caps. One member of that former Hill Samuel team is Rupert Della-Porta, who arrived as head of US e...