SGAM revamps American fund

radar alert: SG American Growth.

Group has changed manager and overhauled the investment process on its American Growth fund ahead of its third birthday

In keeping with industry trends, the SG American Growth fund has undergone a management change and process overhaul before its third birthday. The fund passes this landmark at the end of June and looks set to post a three-year track record broadly in line with its peer group. Between 1 July 2001 and 3 May 2004, SG American Growth has returned -31.41%, on a bid to bid basis, with net income reinvested, marginally underperforming the peer group average of -30.2%. Management of the £43m fund shifted across from Alan Torry in the group's London office to US-based subsidiary TCW in March. To...