|
|
Article: FoFs: MM Endurance comes out on top.
- Article from:
- Fund Strategy
- Article date:
- June 29, 2009
CopyrightCOPYRIGHT 2009 Centaur Communications Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Despite the S&W fund taking a hit at the end of last year when hedge funds blew out amid forced selling, the MM Endurance Balanced portfolio remains top quartile over three and five years.
Smith & Williamson's (S&W) MM Endurance Balanced portfolio remains top quartile over three and five years, despite a hedge fund-induced tough end to 2008.
Nick Marshall and James Burns, the fund's co-managers, run the fund of funds with a British equity skew and tend to have some presence in all the major markets. They hold between 15 and 30 funds, with 29 at present to ensure sufficient diversity in difficult markets.
Marshall and Burns had a decent ...