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UK's top 10 longest-serving fund managers

(Update) Sir Alex Ferguson’s retirement has highlighted the long-term value football managers can generate. But what of the fund managers looking after our ISAs and pensions in the UK?

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by Gavin Lumsden on May 13, 2013 at 14:53

UK's top 10 longest-serving fund managers

The fanfare around Sir Alex Ferguson’s retirement has highlighted the long-term value gifted managers can generate, given time and opportunity to do their work.

Surprising as it may seem, perhaps, it’s the same with the fund managers looking after our pensions and ISAs.

Despite the City’s reputation for short termism there are many fund managers who have been allowed to ply their trade for decades – provided, like Fergie, they keep delivering the goods.

Today we exclusively reveal the 10 longest serving fund managers in the UK and how much money they have made for investors during their long careers. These are not necessarily the fund managers with the longest careers, but those who have run specific funds for the longest. A few of them have outlasted Fergie.

(Update: there's actually 11 as we discovered we'd left someone out and didn't have the heart to drop the bottom manager!) 

Their names have been taken from Citywire’s global database of nearly 2,000 fund managers, which lies behind the A, AA and AAA ratings we give to fund managers with the best three-year performance.

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5 comments so far. Why not have your say?

Jonathan

May 13, 2013 at 18:13

You say how much their fund makes but a key question is do they only manage one fund? Or do they manage many funds and their best performing one has been selected for this article?

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jeremy melton

May 14, 2013 at 07:59

and for the eleventh how about Nigel Thomas (currently at AXA)? He has been managing UK funds for thirty years (I believe) with one of the best track records.

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Gavin Lumsden (Citywire)

May 15, 2013 at 13:20

Jonathan, I've generally mentioned all the main funds the managers are still running although I've focused on the fund they've run the longest. I could have mentioned more funds for Paul Mumford and Mark Mobius. There was no good reason for not mentioning Mumford's Cavendish AIM and Cavendish UK Select funds to be honest. I didn't include Mobius' unit trusts / oeic funds though because there are so many and because the £2bn+ Templeton Emerging Markets trust is his most significant in the UK. You can see all Oeic / unit trusts on the managers' factsheet, links to which are in the article.

Jeremy, that's a really good point about Nigel Thomas. I should have made it clearer I was highlighting managers who have run the same fund for longest. Thomas's career dates back to the 1980s with Carrington Pembroke but he only took over AXA Framlington UK Select Opportunities in 2002.

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Jonathan

May 15, 2013 at 16:09

I remember a competition when The Times were running a competition to find someone to pick the best fantasy fund. There was a small entry fee for the competition but there was one competitor who dominated the competition. It turned out that he had entered about thousands of different fantasy funds all with different names. He won the competition but I have a strong feeling this was more due to the number of funds he had chosen rather than his skill in picking good funds.

This is why it's important to take note of all the funds a fund manager manages rather than just picking their best performing one not matter how small and then holding this as an example of their skill in picking shares.

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Suzie B

May 18, 2013 at 12:27

please could you clarify whether you have allowed for the effect of charges when comparing the returns above?

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