Equities dictate cautious managed performance

Husselbee and Geffen's Neptune Multi Manager Income fund tops sector by going heavy equities

Neptune Multi Manager Income topped the IMA's Cautious Managed sector over three years to the end of June, according to data from Standard & Poor's, and attributed its strong returns to equity weightings in areas such as Asia. Over the cumulative period, the 40 funds in the peer group delivered an average bid to bid return of 35.35%, while the £12.1m Neptune proposition returned 88.4% and boasted the highest annualised alpha of 9.78 against a mean of 0.72. Neptune's performance is in stark contrast to the Eagle Star Cautious Managed portfolio, managed by Alex Lyle. Over the three-year per...