Wealth Manager - the site for professional investment managers

Register to get unlimited access to 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
88/125 in Mixed Assets - Aggressive GBP (Performance over 3 years) Average Total Return: 22.18%
Citywire TV
Play Kames's Snowden: 'There is no bond bubble'

Kames's Snowden: 'There is no bond bubble'

Kames Capital’s Stephen Snowden says corporate bonds are ‘expensive’, but are not in bubble territory.

Play Kames's Milburn: Why we're adding credit risk

Kames's Milburn: Why we're adding credit risk

Kames Capital’s bond stalwart Phil Milburn believes the spreads available in high yield offer ‘pretty reasonable’ value, prompting him to up his credit risk exposure.

Play Josh Brown: We're in the grip of a lunatic cycle

Josh Brown: We're in the grip of a lunatic cycle

The 'Reformed Broker' shared his musings on the US Election and the need for consolidation within asset management at this year's CWM Retreat.

Read More
Wealth Manager on Twitter