Troy Trojan 'biggest disappointment' in Chelsea's RedZone

Sebastian Lyon's £2.6bn Troy Trojan fund has been labelled "the biggest disappointment" in Chelsea Financial's biannual RedZone list of underperforming funds.

The Trojan fund joins Tom Dobell's £4.8bn M&G Recovery fund and Mark Mobius' £12m Templeton Global Emerging Markets fund as one of the ten funds in Chelsea's DropZone, the 'worst of the worst' from the 143 underperforming funds in the broader RedZone list. The DropZone represents a list of funds that have underperformed their sector averages by the largest amount over the cumulative three year period. The fund has significantly underperformed the Investment Association Flexible Investment sector over one and three years, returning just 7% over the three years to 12 June versus a secto...