Koester steers Global Allocation UK to top decile

Baptism of fire sees UBS Global Allocation manager Andreas Koester deliver top-quartile returns through sharp market correction

In terms of timing, UBS could not have chosen a more challenging period to test the skill and process of its Global Allocation UK fund manager Andreas Koester. Launched in November 2007, UBS Global Allocation was unveiled just ahead one of the sharpest market corrections in living memory. But after negotiating the severe downturn and subsequent rebound, Koester has been able to deliver top-quartile returns against IMA Balanced Managed peers. More importantly, UBS Global Allocation has achieved a 6.5% return from inception to 28 February, compared to a fall of 2.8% for the sector, a...