This fund has recently had an overall after the previous manager retired and a new manager was put in place. The old fund manager admited he had taken his eye off the ball and this is reflected in weak performance. The fund itself was not promoted to retail investors and only had institutional money.
The new manager took the fund on in 2017 after running the Saracen UK Alpha Fund for 9 years, delivering top performance over 1, 5 and 9 years. The aim is for Craig to bring across the same strategy and turn the performance around. In doing this he hopes to attract new retail investments into the fund. The co-manager is Henry Lowson who managed the AXA UK Smaller Companies Fund for 4 years and this fund was a top performer over the time he managed the fund….read more