Fund of the week: the Brian Clough of funds

Since joining fund management group New Star in 2001, Tim Steer's Alpha Fund has returned 150%. That's thanks to a strategy based on the premise it's 'as important not to concede goals as to score them'.

Tim Steer started his professional life as a sound mixer, but since joining fund management group New Star in 2001, he has "dramatically widened his skill set", as Citywire puts it, and "emerged as one of their most prolific managers". His New Star Alpha Fund has returned 150% over the past five years, earning the former chartered accountant a Citywire AA rating.

Steer has also landed the unofficial title of the "Brian Clough" of investment management, writes Mark Atherton in The Times. Just as the former Nottingham Forest manager "felt it was as important not to concede goals as to score them, so Mr Steer considers that it is just as important to keep clear of potentially poor-performing stocks as it is to identify good ones".

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