One to Watch: Troy Trojan Capital fund

Troy Trojan Capital

You would struggle to hear even the most optimistic bull say that the past six years of gains have any chance of being repeated.

With equity valuations fair at best and numerous macro headwinds on the horizon, funds with a keen emphasis on downside protection could well come back into fashion in the coming months. Few fund groups put as much of an emphasis on minimising downside risk as boutique outfit Troy Asset Management. Led by managing director and former FE Alpha Manager Sebastian Lyon, the firm has only four open-ended portfolios, with Lyon’s Trojan fund and Francis Brooke’s Trojan Income fund proving the most popular with advisers. Both had stellar 2008s, with the former somehow managing to make money, ...