Midas duo retain faith in their convictions to fight back against the slump

Edwards and Borrows use 15 years' experience to hold their nerve during 'bloody awful' financial year

When any fund suffers a stage of poor performance, what inevitably follows is a period of self-reflection and an autopsy of investment approach. This was the situation Midas Capital founders Simon Edwards and Alan Borrows found themselves in after what they describe as a "terrible" 12 months during the height of the financial crisis. The managers saw the strong performance they built up for more than five years in the £390m CF Midas Balanced Income and £350m Balanced Growth funds disappear through the market downturn. However, the pair avoided the temptation of many investors - suc...