How Active Managed fund managers tackled the downturn

The Active Managed sector has suffered from market volatility in the short term, but managers have held their nerve.

It has been a difficult 12 months for the Active Managed sector, with most funds seeing their one-year and three-month numbers spiral into negative territory. On average, Active Managed funds lost 3.5% over the past year and 10.2% over three months, according to Morningstar. Longer term, the picture is brighter, with an average return of 11.5% over three years. Top performers over the long term include the £59m Troy Spectrum fund, with a 39.2% three-year return, while its counterpart, the £56m Troy Trojan Capital fund delivered 30%. Other leaders in the peer group include the £166m Ciril...