jupiter's head of multi-manager john chatfeild-roberts predicts growing role for fund of funds in low return market
In a period of poor equity markets, strong fund performance is going to play an increasingly important role in adding value to the revenue stream and sale price of an intermediary business. That is the opinion of Jupiter's head of multi-manager, John Chatfeild-Roberts, who said it will be vital intermediaries outsource to funds of funds (Fofs) that can and will outperform. With markets apparently in an era of low returns, he added, mediocre comparative performance will not produce real returns for clients as it did in the bull market of the 1990s. In the five years to 3 October 2003, t...
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