Analysis

Manager moves toward consumer-facing sectors in anticipation of equity market bottom

Darling plan designed to address bank liabilities, capital and lack of liquidity, and US bailout package has morphed to follow its example

Manager seeks to generate returns by exploiting movements in interest and exchange rates through long or short positions in bonds, futures and forward contracts

Ex-Schroders manager seeks out strong companies where share price weakness is deemed temporary and balance sheet strength is a key criterion

Active Managed sector has seen tough three years with only two funds in the sector posting positive returns and average manager down 11%

Charlie Awdry's Gartmore's China Opportunities fund has lost more than 50% in past year, but still tops performance table over medium term

Fund bucks downward industry trend in first six months onshore, focusing on alternative energy, pollution control and water technology

October report from Prequin research service shows fundraising by private equity investment vehicles drying up as a result of credit crunch

Managers have moved steadily more defensive since 2006, cutting high-yield position to a low of 55% in February to buy investment grade and gilts