CAVENDISH OPPORTUNITIES INST - 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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-0.92%
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-0.44%
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0.84%
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1.55%
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0.34%
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0.91%
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0.27%
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0.30%
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96.6%
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74.9%
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98.6%
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Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
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Paul Mumford
 "Photo of Paul Mumford")
Mumford began his city career in 1963 when he joined stockbrokers Norris Oakley. From 1966-1970 he valued property shares and sold them to institutions. From 1970 he concentrated upon analysing smaller companies. In 1975 he joined stockbrokers R. Nivison with a team of three. He subsequently began to manage portfolios and then in 1994 he took the fund to Cavendish.
Track record
Paul Mumford has 24.2 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.3%.
During the worst period of relative performance (from February 2005 - December 2008) there was a decline of 46% relative to the index. The worst absolute loss has been 59%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 99%.
Other funds managed
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Start Date |
CAVENDISH OPPORTUNITIES INST
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May 1988
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Oct 2005
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May 2010
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| Periods of worst performance |
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Absolute
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-59%
(June 2007 - December 2008)
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Relative
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-46%
(February 2005 - December 2008)
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Sector record since
March 1988 (24 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