Close UK smaller companies fund worst performer in October

Close Beacon Investment fund, a UK smaller companies vehicle, was the worst performing fund in Octob...

Close Beacon Investment fund, a UK smaller companies vehicle, was the worst performing fund in October, according to Lipper. The fund was down 36.73% for the month but over one year it has lost 62.32% of investors’ capital. Other vehicles in the bottom five in the month included Smith & Williamson Global Gold & Resources, Lloyd George GEM Small Companies, Skandia Global Property Securities and JPM New Europe. The top-performing fund was Neptune Japan Opportunities which posted a gain of 18.49%. This is run by Chris Taylor who has increased cash to around 20% and hedged market risk throug...