The Frank Russell Company is releasing an internal study which it claims vindicates its multi-manager approach.
The study shows that multi-manager investment funds, recommended by Frank Russell, have generated 142 basis points per year above their benchmarks over a ten-year period.
Russell's director of European consulting and study author Frank Ezra says: "To win the investment game you need only be right 55 per cent of the time. But a 55 per cent success rate requires analytical, precise and careful research and the determination to look critically at your own results."
Russell says that of the 142 basis points, 87 came from Russell manager research recommendations, 32 from transferring managers' cash holdings into equity and 23 from the neutralisation of style biases.