OLD MUTUAL GLOBAL STRATEGIC BOND A - Manager
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Average monthly relative returns
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Bestinvest MRI
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07/08
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08/09
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09/10
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10/11
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11/12
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3 years
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5 years
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Career
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3 years
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5 years
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Career
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-0.27%
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–
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–
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0.18%
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-0.22%
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–
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–
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0.03%
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0.0%
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0.0%
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87.3%
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Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
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Stewart Cowley
 "Photo of Stewart Cowley")
Cowley holds a DPhil in Physics from St.Anne’s College, Oxford and began working for brokerage firm Donaldson, Lufkin and Jenrette in 1987. From 1993-95 he was head of Global Fixed Interest at Invesco, before moving to the same position at Hill Samuel, where he remained until 1998. He then took a period out of the industry to write a book on fixed interest investment before joining Newton in 2000 as a fund manager on the Global Bonds team. In December 2008 he left Newton to join Old Mutual Asset Management.
Track record
Stewart Cowley has 10.3 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.03%.
During the worst period of relative performance (from June 2007 - November 2008) there was a decline of 12% relative to the index. The worst absolute loss has been 9%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 87%.
Other funds managed
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Start Date |
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Jul 2009
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Dec 2009
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| Periods of worst performance |
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Absolute
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-9%
(December 2005 - June 2007)
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Relative
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-12%
(June 2007 - November 2008)
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Sector record since
July 2001 (10 yrs)
About the MRI
Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level. Read more about our approach