CF RUFFER BAKER STEEL GOLD O - Manager
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Average monthly relative returns
|
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
|
|
3 years
|
5 years
|
Career
|
3 years
|
5 years
|
Career
|
|
-1.50%
|
-1.55%
|
2.28%
|
1.00%
|
-0.30%
|
|
0.99%
|
-0.01%
|
0.35%
|
87.5%
|
56.4%
|
80.0%
|
|
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
|
Baker / steel
 "Photo of Baker / steel")
David Baker
MSC (Imperial College) in Mineral Production Management. He worked in the mining industry before becoming a mining stockbroker. In 1992 he joined Mercury Asset Management (now Merrill Lynch) as a member of their natural resources team. He set up Baker Steel in 2002.
Trevor Steel
He is qualified in Mining Geology (Royal school of Mines, Imperial College) and began his career in 1991 with Mercury Asset Management (now Merrill Lynch) as a member of their natural resources team. He set up Baker Steel in 2002.
Track record
Baker / Steel has 8.5 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.35%.
During the worst period of relative performance (from June 2007 - November 2008) there was a decline of 54% relative to the index. The worst absolute loss has been 61%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 80%.
Other funds managed
| Periods of worst performance |
|
Absolute
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-61%
(February 2008 - October 2008)
|
|
Relative
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-54%
(June 2007 - November 2008)
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Sector record since
November 2003 (8 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