JAMES Thomson, manager of the Rathbone Global Opportunities fund, has blamed September's fourth quartile performance on the resurgence of large caps and poor performance from the gas sector.
The fund, which fell 4.75pc compared to the IMA Global Growth sector average return of 2.62pc, has a 24.39pc weighting towards oil and gas which was hit hard by negative performance from the sector. “There is a bearishness towards natural gas investments at the moment, while the collapse of hedge fund managers Amaranth caused shockwaves and added fuel to the fire.” The byword for Thomson’s £29.55m fund, which is first quartile over one and three years in the IMA Global Growth sector, is flexibility and although September has been testing, the manager explained short term performance w...
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