Thames River evades 'suckers' rally' carnage

Jupiter Merlin Growth and Thames River Equity Managed among the few vehicles avoiding widespread carnage in troubled active managed sector

Managers in the Active Managed sector no doubt welcomed the freedom to go 100% into equities during the bull markets of yesteryear. But during the bad times now facing the economy, some of the bolder managers who have backed a high risk/high return strategy have become a little unstuck. One fund managing to avoid some of the carnage is the Thames River Equity Managed fund, launched in October 2007. The fund is ranked sixth of 92 funds over one year to 5 January, returning -17.8% compared to a sector average of -26.1%, according to Morningstar data. Gary Potter, co-manager of the fun...