Lone wolves: Managers who go it alone often underperform, finds AJ Bell

Research following Woodford gating

Anna Fedorova
clock • 3 min read

Research from investment platform AJ Bell has found fund managers who leave their established roles to set up their own business fare worse that they did in their previous roles.

Hot on the heels of the spectacular fall of the Woodford Equity Income fund, which has suffered a long period of underperformance and was gated in response to escalating redemptions, AJ Bell has looked at a number of cases where established fund managers have left their roles to go solo - and found that six out of seven have underperformed their previous record. The investment platform has looked at the performance track record of industry bigwigs Neil Woodford, Richard Pease, Nick Train, Barry Norris, Julie Dean, Tim Russell and Chris Rice. It found that only one manager has bucked the ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Companies

Hargreaves Lansdown clients get more time to vote on Aviva shares after delay

Hargreaves Lansdown clients get more time to vote on Aviva shares after delay

Platform blasted for 'failings' by finance campaigner amid crucial vote on preference shares

Jen Frost
clock 02 April 2025 • 7 min read
Aviva preference shares: Advisers flag 'inappropriate' cancellation tax hit to unwary retail investors

Aviva preference shares: Advisers flag 'inappropriate' cancellation tax hit to unwary retail investors

Concerns communications around 'clumsy' move may not be 'clear, fair and not misleading'

Jen Frost
clock 28 March 2025 • 6 min read
Advisers and retail investors warned on Aviva £450m preference share cancellation impact

Advisers and retail investors warned on Aviva £450m preference share cancellation impact

Follows institutional investor vote that saw none vote against

Jen Frost
clock 21 March 2025 • 9 min read