Horner qualified as a Chartered Accountant in 1984 at Touche Ross, where he also worked in insolvency. In 1986 he moved to 3i plc where he gained experience in a range of activities from fundraising through to advising on the sale of companies, in both the quoted and unquoted sector. In 1993 he joined Strand Partners where he was involved in identifying, structuring, negotiating and making investments in the 'Micro-Cap' quoted sector. In 1998 he left to set up Chelverton Asset Management Limited.
David Horner has 8.2 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.2%.
During the worst period of relative performance (from December 2006 - July 2009) there was a decline of 32% relative to the index. The worst absolute loss has been 61%.
|Periods of worst performance
(May 2007 - February 2009)
(December 2006 - July 2009)