Investec using 4Factor process to revive Euro fund

Managers begin to improve returns after five bad years under Blackrock's Albert Morillo

Nigel Hankin and Ben Williams took over Investec's £151m European fund at the beginning of 2007, after a five-year term of poor performance under Blackrock's Albert Morillo. From 2000, Morillo ran the fund under an outsourcing agreement, but Investec brought it back in house on 1 January, claiming it wanted to build up its own track record. Performance under Morillo was not exemplary, and the latest five-year figures display this. Up until 27 August, the vehicle has produced 63.5% bid to bid against the European ex- UK sector average of 94.2%, according to Morningstar. This ranks the fun...