This Fund Manager Rating is based on the Citywire Long Only ratings methodology
Citywire Ratings are rewarded for risk adjusted outperformance of benchmarks we select independently More information on how Ratings are calculated

Paul Spencer
About Paul Spencer
Halifax-born Paul Spencer studied Economics at Nottingham University before embarking on his investment management career with an eight year stint at BWD Rensburg from 1987 to 1995 during which time he became head of research. In July 1991, he was appointed fund manager of the firm’s UK Smaller Companies Trust. Paul left Rensburg in 1995 to join Granville Davies where he was director and a small and mid caps analyst, before moving to TD Waterhouse in 1999 taking on the post of head of research. In March 2006 Paul returned to Rensburg’s fund management team where he is now lead manager of the UK Mid Cap Growth Trust as well as being joint manager of the UK Managers Focus Trust. Paul holds the Securities Institute MSI Dip qualification and describes his investment approach for the funds under his management as “Style agnostic but with a high conviction idea portfolio” Away from the office Paul’s leisure interests include golf and bridge.
Funds Managed
Citywire Rating: A rated
Performance
Manager | Return | ||
---|---|---|---|
16 | Roland Arnold | 19.6% | |
17 | Matt Evans | 19.3% | |
18 | Richard Bullas | 18.5% | |
18 | Paul Spencer | 18.5% | |
18 | Mark Hall | 18.5% | |
18 | Daniel Green | 18.5% | |
View full league table |
Total Return
Month by Month Performance
Quarterly Performance
to 31/03/2018 | Annual | Q1 | Q2 | Q3 | Q4 |
---|---|---|---|---|---|
2018 | -2.7% | ||||
2017 | 27.5% | 4.8% | 9.1% | 2.5% | 8.8% |
2016 | -1.2% | -4.6% | -13.2% | 14.3% | 4.4% |
2015 | 24.7% | 5.7% | 10.2% | -0.3% | 7.4% |
2014 | -1.1% | 5.3% | -7.4% | -1.6% | 3.1% |
2013 | 8.0% | 11.5% | 11.1% |