Barings' manager Deptford sees assets grow with strong returns

Manager makes his own rules after taking over sidelined income funds

Charles Deptford has led the Barings Equity Income fund to a top quartile position after taking over the vehicle, together with the UK Equity Growth fund, in August 2004. Equity Income has made bid-to-bid returns of 70.8% over three years to 30 October compared to the UK Equity Income sector's 66.4%, putting it in 17th position out of 73 funds, according to Standard & Poor's. Although this data contains the performance record of previous manager Malcolm Herring, it is under Deptford that the portfolio has grown from £8m in assets under management to £37m today. Deptford began his investm...