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The funds smaller than £75m Suarez - but with more bite

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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

Henry Dixon’s GLG UK Income fund weighs in at £73.5 million, although he only became its manager in January.

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

A tiny Pimco bond fund is a rare thing, but Scott Mather’s Global Bond strategy contains just £25.3 million.

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.

Premier Ethical holds £73 million, and Premier Optimum Income £52.9 million. He has run the latter since 2008, and the former since 2009.

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

Daniel Hanbury runs a very popular small-cap fund, but at just £10.8 million his UK Equity Unconstrained fund seems far less well known despite having existed since 2007.

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

Jacob de Tusch-Lec’s global equity income fund has been a best seller over the past year.

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.

Jupiter Responsible Income holds only £65 million, and Jupiter UK Alpha a mere £18 million.

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.

Managed by Nigel Beidas for the past five years, the Marlborough Extra Income fund contains only £41.7 million. AstraZeneca is currently his top holding.

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.

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Look up the funds

  • GLG UK Income Retail Acc A GBP
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  • FP Matterley Undervalued Assets B Acc
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  • PIMCO Select Global Bond Inst GBP Acc
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  • Premier Ethical A Inc
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  • Premier Optimum Inc A Net Inc
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  • River and Mercantile UK Equity Smaller Companies A
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  • River and Mercantile UK Equity Unconstrained A
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  • Jupiter Responsible Income Acc
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  • Jupiter UK Alpha Acc
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  • Kotak Funds-India Growth A Acc USD
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  • Marlborough Extra Income
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  • Bellevue F (Lux) BB African Opportunities I USD
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Look up the fund managers

  • Henry Dixon
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  • Scott A. Mather
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  • Chris Wright
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  • Daniel Hanbury
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  • Jacob de Tusch-Lec
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  • Chris Watt
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  • Nitin Jain
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  • Nigel Beidas
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  • Malek Bou-Diab
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