Having spent the Christmas period being teased by my teenage kids that I was old, past it and too tight on pocket money, it was a welcome relief to get back to the office - only to endure much of the same! It did remind me however that I had just passed an important milestone, my 25th year as an investment manager; time for panic or perhaps a bit of reflection.
For the year 2011, The Setanta Managed Fund returned +0.5%, out-performing the benchmark return of -3.6% by 4%, and being the only Managed Fund in the peer group to post a positive return for the year. For the Managed Fund Factsheet and all other Fund Factsheets, see the ‘PRODUCTS’ section.
A year review of markets. 2011 will be remembered as a year in which fear progressively trumped hope across financial markets. Most major equity markets in both the developed (besides the US) and emerging world ended up in negative territory having mostly been in positive territory in Q1.
A year review of markets. 2011 will be remembered as a year in which fear progressively trumped hope across financial markets.
