How to separate the talented fund managers from the chancers

Finding out what lies at the heart of a fund manager’s success is the key to yours, says David C Stevenson.

In recent years we’ve seen massive growth in flexible funds. These aim to preserve some (if not most) of your capital in bear markets, and to deliver some of the upside in bull markets.

The funds tend to attract a lot of money – they’re usually built around a personality or brand, and incorporate a load of quantitative strategies alongside a few inspired central asset-allocation ‘calls’ – big, headline-grabbing bets that pay off for investors when they’re most [...]

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