Manager's top-down absolute view aims to dampen volatility

Trojan Capital offering outperforms over three years by minimising downside risk

An acceleration out of small- and mid-caps into large companies and a more defensive strategy at the beginning of 2008 helped Troy Asset Management's Trojan Capital fund significantly outperform its peers since its launch in March 2006. Over three years, Morningstar data shows the £23m portfolio is down 10.6% compared to the IMA Active Managed sector which has lost 28.2% to 9 March 2009. The fund is down 14.8% over one year compared to the sector average of 30.5% . Francis Brooke and Sebastian Lyon are co-managers on the portfolio since May 2008. Prior to this it was managed by Ruth K...