StatWatch: Merrill Lynch UK Special Situations

Three names and as many managerial changes in the past five years have done little to harm the perfor...

Three names and as many managerial changes in the past five years have done little to harm the performance of Merrill Lynch UK Special Situations, which performs as strongly today as it did when known as Recovery. Run by Habib Annous from 1999 until 2001, the Recovery fund outperformed the UK All Companies sector during the period 2 July 2001 to 1 July 2002, making a bid to bid return of -6.17% against the peer group mean of -15.25%, according to data from Standard & Poor’s. Existing manager Richard Plackett said “When the fund was Merrill Lynch Recovery it did extremely well, especially i...