This fund has a brilliant track record going back to when it was launched in 2005 by Wes McCoy and then by Ed Legget who took over the management in 2008. However, in 2015 Ed left SLI and Wes came back to take on the management role.
Since launch the fund has significantly outperformed the FTSE All Share Index but over the last 12 months the fund has underperformed. Although we are not per say followers of “star” managers there are managers who have obvious talent and Ed was one of those managers. Our concern has always been whether without Ed the fund could continue delivering the same levels of performance.