Wealth Manager - the site for professional investment managers

Register for full access to Citywire’s Fund Manager database, news and analysis. 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
44/103 in Mixed Assets - Aggressive GBP (Performance over 3 years) Average Total Return: 39.31%
Citywire TV
Play Inside ETFs: Why the US bull-run still has legs

Inside ETFs: Why the US bull-run still has legs

Global equities suffered a sharp sell-off in the third quarter but exchange traded fund investors are continuing to back the US to outperform in 2015

Play Paul Niven: I won't rip up the Foreign & Colonial Trust history book

Paul Niven: I won't rip up the Foreign & Colonial Trust history book

The newly appointed manager of the Foreign & Colonial trust talks about his plans for UK's oldest investment company.

Play Dangerous daisy chains, Black Friday blues and Uber valuations

Dangerous daisy chains, Black Friday blues and Uber valuations

This week’s Investment Pulse looks at the domino effect in European banks, America’s disappointing Black Friday and how much Uber is really worth.

Your Business: Cover Star Club

Manchester wealth firm hires Coutts director for London launch

Manchester wealth firm hires Coutts director for London launch

Former Coutts director Tony Robinson has joined Chartered Wealth Management to head the company’s newly opened London office.

Wealth Manager on Twitter