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New tool assesses fund managers&#39 performance

Investment IFA Bestinvest is launching a new tool that puts fund manager performance under the spotlight.

The Bestinvest manager record indicator calculates a statistical measurement which reveals whether any particular fund manager is really a star performer or has just “got lucky”.

The tool looks at each aspect of a fund manager&#39s career record across the various companies they have worked for.

It allows the user to view average monthly relative returns either over the manager&#39s whole career or over a range of specific time periods. It also provides a graph which plots the manager&#39s performance against the relevant benchmark.

The manager record can also calculate an up/down ratio that shows the percentage of months that each manager has outperformed their benchmark index.

In addition to the statisti-cal data, the Bestinvest manager record indicator provides CVs and photographs for individual fund managers and access to a powerful search engine that allows investors to find out more about the managers or locate those that match certain specified criteria.

Chairman John Spiers says: “It is increasingly common for fund managers to be hailed as &#39stars&#39 on the back of the relatively short periods of outperformance.

“Our groundbreaking Bestinvest manager record indicator applies statistical analysis to calculate the likelihood that a record is down to skill rather than luck.”

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