Gartmore's Williams says 60% outperformance was one-off

Gervais Williams says he will never again achieve 60% outperformance on his Gartmore Opportunities t...

Gervais Williams says he will never again achieve 60% outperformance on his Gartmore Opportunities trust, which he says was thanks to the put option he held throughout 2008. The head of smaller companies at the group extended the terms of his put positions, which had failed to protect against slides in the smaller companies market in 2007. However, the option on the £30m trust throughout 2008 buoyed the trust when the market crashed, helping the manager outperform his benchmark by 60%. "I will never outperform by 60% again. When the market cracked in October 2008 the value of the puts...