Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

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

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.   

Leave a comment!

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

Related Fund Managers

Richard Peirson
Richard Peirson
31/108 in Mixed Assets - Aggressive (Performance over 3 years) Average Total Return: 39.59%
Citywire TV
Play JPM’s Negyal: Back divis to temper EM volatility

JPM’s Negyal: Back divis to temper EM volatility

Omar Negyal, co-manager of the JPMorgan Global Emerging Markets Income trust, says a dividend approach to emerging markets reduces the volatility of investing in the asset class.

Play WMR: Why Russia will lose this war

WMR: Why Russia will lose this war

Author and journalist Adam Lebor believes a perfect storm is brewing when it comes to the Russian economy. .

Play WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

Chief economic adviser to London mayor Boris Johnson outlines the geo-political risks in Asia and explains why the risk of another eurozone crisis must not be underestimated.

Your Business: Cover Star Club

Profile: The adviser that tempted Robin Minter-Kemp on board

Profile: The adviser that tempted Robin Minter-Kemp on board

It is rare to meet an impassioned individual who is willing to bang the drum for investment advisory right now

Wealth Manager on Twitter