Jupiter income guru Anthony Nutt is the big name omission from the latest Principal Investment Management White List.
Nutt is one of four changes in the who’s who of equity income managers. He moves down to the grey list after a difficult 2007 after going underweight in mining stocks. In the first eight months of 2007, his fund made a loss of 2.07 per cent compared with a rise of 4 per cent in the FTSE All Share index.
Nutt’s place in the White List, which calculates the best 12 funds in the sector based on consistent total returns and risk over five years, goes to Neptune’s Robin Geffen, whose income fund has just qualified for inclusion, having reached its five-year status.