The most consistent 'veteran' managers over the past decade

Investment Week research

Nick Train, Giles Hargreave and Martin Cholwill are among a handful of fund managers who, over the past ten years, have managed to keep their funds out of the bottom quartile every individual year, while achieving top-quartile returns over the whole time frame in question.

The research, carried out by Investment Week using FE data, comes shortly after a markedly volatile year for markets. Geopolitical and macroeconomic uncertainty rocked equity markets in 2018, leading to a sharp Q4 sell-off. Meanwhile, 10-year US Treasury yields crept up throughout the year, surpassing the psychologically important 3% mark, only to once again fall at the end of 2018 as investors flocked to safety. Such an environment can make it challenging for active managers, but it can also present an opportunity to buy during the dips. FE data shows that, over 2018, only 95 out ...