Colleagues to competitors

The key staff on SG and Martin Currie's European funds worked together for much of the past decade. Now they are rivals in an increasingly high-profile sector

After a strong calendar year rebound in the European equity markets, these funds are starting to attract investors' interest once again on the back of recent double-digit growth. Competition is intense, with more than 100 portfolios in the Europe ex-UK sector. Investment Week compares the recent performance and current positioning of the portfolios run by two of the better-known managers in the sector. The £43m SocGen European Growth and £10m Martin Currie European portfolios have both delivered top-quartile performance over the 12 months to 3 November, bid-to-bid with net income reinves...