Caspar Trenchard has been moving to consolidate the First State British Opportunities fund since he ...
Caspar Trenchard has been moving to consolidate the First State British Opportunities fund since he took over its management last August 2005 in addition to increasing the tracking error on the portfolio. The fund’s long term performance leaves little to be desired, making a loss of 2%, before charges, for the five years to 26 June 2006, according to Standard & Poors, against a sector average of 22.7% ranking it 206 out of 212 funds. Even its three year performance is fairly weak compared with its peers, with a return of 51.8% against the sector average of 56.8% and a ranking of 139 out o...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
