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Quarter of top 100 alpha managers are at boutiques

Almost a quarter of Trustnet’s top 100 alpha managers are operating in a boutique environment.

Twenty-two boutique fund managers are in the new alpha fund manager rating service which characterises managers through their long-term performance. Firms with managers on the list include River & Mercantile with Dan Hanbury, Rensburg with Mark Hall and Ruffer with Timothy Youngman.

Qualification for the list takes into account performance through all market conditions. It covers risk-adjusted alpha, consistency of performance versus a benchmark and consistency of a manager’s performance in rising and falling mar kets. Anyone with a three-year track record can qualify as an alpha manager.

Trustnet has deemed boutiques as firms that have 10 or fewer funds under management and those not owned by a group or a life company.

Financial Express head of research Pascal Dowling says: “The more information investors have to hand when making the investment decision the better and knowing the characteristics of the person who will be managing the funds you invest in is an essential part of that.”


Active response

It has not gone unnoticed that active management has struggled in recent years – the Investment Management Association UK all companies sector has, for example, underperformed the FTSE All Share by 3.46 per cent in 2007 and 2.29 per cent in 2008 compared with a 10-year annualised return that has been pretty much in line with the market.

Aifa sets up online RDR academy

Aifa is launching an online academy for advisers to help them meet the demands of the retail distribution review. The academy, which will be funded by Skandia, will be supported by a series of roadshow events across the country. Director general Chris Cummings says this comes in response to members who say the RDR prop- […]


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