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Geffen loses FE Alpha Manager status as Brookes promoted

FE has made a number of high-profile changes to its Alpha Manager list, with big names such as Neptune’s Robin Geffen and M&G’sTom Dobell being removed.

The latest rebalancing of the FE Alpha Managers sees 35 mangers being placed on the list for the first time, including Schroders’ multi-manager Marcus Brookes, Henderson bond managers John Pattullo and Jenna Barnard. 46 managers have lost their ratings, and the list currently has 165 members in total.

Geffen, who manages the £978.2m Neptune Balanced and £583.8m Neptune Income funds as well as a number of other portfolios, has been removed after his bullish stance on emerging markets caused performance to dip.

FE managing director Michael Holland says: “Geffen had a huge amount of success during the early and mid-2000s, but a number of his funds have struggled against their peer group in recent years, including Neptune Income and Neptune Balanced.”

M&G Recovery lead manager Dobell has lost his Alpha Manager rating following his “very high profile” underperformance, which has seen him lag peers over one, three and five-year periods.

Brookes, who runs the Cazenove multi-manager funds at Schroders, has been given an Alpha Manager rating after building up “one of the strongest reputations in the UK market in recent years”.

Chase de Vere head of communications Patrick Connolly says: “Most funds underperform at some stage and it might simply be because their investment approach or style is out of favour and the risk for investors is they get out just as performance starts to improve.”

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