Just 11 funds from the Investment Association (IA) universe have managed to achieve a first or second quartile ranking year-on-year since the collapse of Lehman Brothers in September 2008, according to research from FE.
From the IA Europe Excluding UK sector, which has returned 124% since the collapse of Lehman Brothers on 15 September 2008, two funds were first or second quartile year-on-year; the £3.2bn BlackRock European Dynamic fund and Rory Powe's £1.7bn Man GLG Continental European Growth fund. In the IA Global sector, the $724m GS Global Small Cap Core Equity Portfolio fund managed this feat, as did the Fidelity Multi Asset Income fund in the IA Mixed Investment 0-35% Shares sector. Managers remember Lehmans 10 years on: 'It was a lesson in fighting fear and your instincts' There were also ...
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