Citywire printed articles sponsored by:


View the video online at http://citywire.co.uk/wealth-manager/video/a731540

AA-rated Richard Peirson: why things will be tougher for asset managers

Sponsored By:

by Frank Talbot on Jan 31, 2014 at 12:21

AXA Investment Managers' Richard Peirson believes the going will get much tougher for asset managers this year.

For this reason the manager, who runs a range of mandates including the Citywire Selection AXA Framlington Managed Balanced fund, has cut his exposure to the sector with Schroders among the victims.

Peirson also explains why he prefers government to corporate debt and why equities will struggle to replicate 2013's return, although he admits merger & acquisition activity could prove to be the 'wildcard' in 2014.

Citywire AA-rated Peirson has managed the Balanced Managed fund since 1992. In the 10 years to the end of 2013 the fund had returned 151.9% versus a 92% rise in the LCI UK Balanced & International index.   

1 comment so far. Why not have your say?

retired from the City

Jan 31, 2014 at 16:11

This manager is one of the few with grey hair behind the ears unlike the vast majority who are still wet behind them

report this

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

More about this:

Look up the funds

  • AXA Framlington Managed Balanced R Acc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

Look up the fund managers

  • Richard Peirson
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

Archive

Read more...

Co-op files £2.5bn loss after 'disastrous' 2013

by David Campbell on Apr 17, 2014 at 09:20

Sorry, this link is not
quite ready yet