Big-name managers caught up in M&S sell off

Fund managers from Cazenove, Rensburg and Resolution are among the investors caught out in the Marks...

Fund managers from Cazenove, Rensburg and Resolution are among the investors caught out in the Marks & Spencer’s sell-off. Artemis’s Adrian Paterson is also a long-term supporter of the retailer, which saw nearly 20% wiped off its share price today. M&S reported its worst quarterly performance in two years this morning and warned the pain for retailers could extend into 2009. Among the managers holding the stock were Cazenove’s Julie Dean, Rensburg’s Colin Morton and Resolution’s Ralph Brook-Fox. Artemis’ Adrian Paterson had M&S among his top ten holdings on his UK Growth fund as at...