Global Asset Management was the only UK fund manager to have produced a positive investment return in the first quarter of 2001, according to the latest mixed pooled fund results released by Combined Actuarial Performance Services.
According to CAPS, the J Rothschild fund, run by Global Asset Management, produced the only positive return, a 6.1% result compared to a -7.2% median. Additionally, two other funds subadvised by J Rothschild held the number two and three positions.
The J Rothschild (SJP) fund was number two, unchanged from last year, whilst the J Rothschild (Schroder) fund finished third. Respectively, they produced returns of -3.7% and -3.9%
Philips & Drew’s two funds were ranked at fourth and fifth in the results, however P&D retained its position as best performer over twelve months. P&D outperformed the -10.3% median by over 15 points, according to CAPS.
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