Martin Currie's Walker in Relegation Zone

Lacklustre performance lands both Tom Walker's funds in Chelsea Financial Services' infamous Relegation Zone.

Tom Walker’s two Martin Currie American funds have entered Chelsea Financial Services’ infamous Relegation Zone for the first time following a period of lacklustre performance. The £693m Martin Currie North American and £85m North American Alpha funds sit in the bottom quartile of the IMA North America sector over three years. The North American fund returned 4.6% over three years to 27 May, while North American Alpha has fared worse with a return of 0.1%, lagging the 20.1% peer group average, according to Morningstar data.  Darius McDermott, managing director of Chelsea Financia...