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.”