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The funds smaller than £75m Suarez - but with more bite
by Robert St George on Jul 14, 2014 at 15:08
Citywire reveals the funds run by AAA-rated managers that contain less than what Barcelona paid for Luis Suarez.
So Barcelona have bought Luis Suarez, pictured above after catching a shoulder in his teeth, from Liverpool for a reported £75 million.
It's a lot of money - more in fact that some star managers have in their funds.
In honour of the shirt number handed to Barcelona's new striker, this gallery reveals nine Citywire AAA-rated managers who run funds that are less popular than a near-cannibal.
Henry Dixon – GLG UK Income
As Citywire revealed, Dixon joined GLG in September 2013 from Matterley, where he made his name running the Undervalued Assets fund.
Over the past three years Dixon has returned 56.4%, compared with 33.8% from the average manager in the UK All Companies sector.
Scott Mather – Pimco Global Bond
Mather is also responsible for several other much larger mandates, as well as serving as Pimco’s deputy CIO and head of global portfolio management.
Over the past three years Mather has returned 20.9%, compared with 10% from the average manager in the Global Bonds sector.
Chris Wright – Premier Ethical and Premier Optimum Income
Chris Wright manages two small, but highly performing, funds.
Over the past three years Wright has returned 56.1%, compared with 33.8% from the average manager in the UK All Companies sector.
Daniel Hanbury – River and Mercantile UK Equity Unconstrained
Over the past three years Hanbury has returned 56.8%, compared with 33.8% from the average manager in the UK All Companies sector.
Jacob de Tusch-Lec – Artemis Monthly Distribution
But with just £26.5 million of assets under management – even though it is now two years old – his Monthly Distribution has evidently not been.
Over the past three years de Tusch-Lec has returned 49.3%, compared with 30.1% from the average manager in the Global Equity Income sector.
Chris Watt – Jupiter Responsible Income and Jupiter UK Alpha
Chris Watt is another manager with two funds smaller than their performance merits.
Over the past three years Watt has returned 41.4%, compared with 40.1% from the average manager in the UK Equity Income sector.
Nitin Jain – Kotak India Growth
A far less familiar manager and group in this list is Nitin Jain of Kotak.
His India Growth fund contains just £16 million, although that could change if investors tempted into the country by the reformist agenda of new prime minister Narendra Modi (pictured) note Jain’s impressive track record.
Over the past three years Jain has returned 7.5%, compared with a loss of 0.6% from the average manager in the Indian Equity sector.
Nigel Beidas – Marlborough Extra Income
The blue-chip name Marlborough and promise of ‘extra’ income have not tempted investors into this fund.
Over the past three years Beidas has returned 41.9%, compared with 20.8% from the average manager in the Mixed Assets – Aggressive sector.
Malek Bou-Diab – Bellevue BB African Opportunities
Another unheralded manager and group is Malek Bou-Diab of Bellevue Asset Management.
His African Opportunities fund holds just £63.4 million.
Over the past three years Bou-Diab has returned 11.3%, compared with 5.4% from the average manager in the Emerging Markets – Other sector.
More about this:
Look up the funds
- GLG UK Income Retail Acc A GBP
- FP Matterley Undervalued Assets B Acc
- PIMCO Select Global Bond Inst GBP Acc
- Premier Ethical A Inc
- Premier Optimum Inc A Net Inc
- River and Mercantile UK Equity Smaller Companies A
- River and Mercantile UK Equity Unconstrained A
- Jupiter Responsible Income Acc
- Jupiter UK Alpha Acc
- Kotak Funds-India Growth A Acc USD
- Marlborough Extra Income
- Bellevue F (Lux) BB African Opportunities I USD
Look up the fund managers
- Henry Dixon
- Scott A. Mather
- Chris Wright
- Daniel Hanbury
- Jacob de Tusch-Lec
- Chris Watt
- Nitin Jain
- Nigel Beidas
- Malek Bou-Diab