Chelsea Financial Services

Aberdeen and L&G among worst

Following changes revealed this morning

Turbulent August remains in memory

UK All Companies sector worst

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 volume of assets held in underperforming funds has fallen by a quarter, although the number of funds has increased, according to Chelsea Financial Services' latest RedZone list.

Last week, Neptune announced an overhaul of its research and business operations following disappointing fund performance in recent years.

Fund ratings agency FundCalibre has named five 'rising star' managers that have not yet made a big name for themselves in the industry, but are tipped to produce strong long-term investment returns.

Investors wishing to move from direct-to-consumer to adviser platforms face "punitive" exit fees, according to analysis by the lang cat.

Ratings agency FundCalibre has added six funds to its Elite Rating list after its inaugural investment committee meeting earlier this month.