Multi-managers struggle during difficult period

Positive returns have been difficult to come by during the recent stock market volatility. But multi-managers say the reality is not as bad as it would seem

It has been a difficult 12 months for fund managers regardless of the region or asset class they invest in. As the impact of the credit crisis has seeped deeper into the global economy, even the most consistent managers have struggled to generate positive returns amid the ensuing stock market volatility. For multi-managers, particularly those with a large hunting ground, picking managers, regions and asset classes has become even more difficult. This is reflected by the diversity of returns among multi-manager funds in the IMA Global Growth sector over the last 12 months. According to f...