IW Fund Manager of the Year 08 nominees maintain performance amid falling market

Quality managers stand out in tough European market, where the average portfolio fell 22% over 12 months

Europe has proved as tough an equity market as other developed economies in recent turbulence, with the average fund falling 22% over 12 months to 15 June. Against this - and a widespread rush to blue-chip safety last year - smaller company portfolios have fared even worse with an average 25% decline. In a difficult period for markets, the European vehicles shortlisted in the 2008 Investment Week Fund Manager of the Year Awards have broadly maintained their performance. Last year's winner Chris Rice remains top-decile over one and three years, despite his Cazenove European fund mis...