Unicorn tops sector despite testing times

radar alert: unicorn free spirit

Despite a poor year in the run-up to its third anniversary, the Unicorn Free Spirit fund remains focused on longer term returns

In the run up to its third anniversary, the A-rated Unicorn Free Spirit fund has seen a marked decline in relative performance compared to its rapid rise to prominence after launching in January 2002. According to figures from Standard & Poor's, from 7 January 2002 to 29 November 2004, however, the Free Spirit fund is still ranked first in the All Companies sector, with returns of 78.42% bid to bid. Over its first discrete year to the end of 2002, the fund was first in the peer group, with returns of 10.19% against the UK All Companies average of -20.11%. Its second year, again, saw the...