HALIFAX FUND OF INVESTMENT TRUSTS C - Manager

Other funds managed

David Marchant

In April 2003, following the acquisition of Rothschild Asset Management (RAM) and the subsequent reorganisation of the investment Management team, Marchant was appointed Head of International Equities. His remit also extends to investment trusts and the Insight range of ethical funds. He joined Insight in 2001 with the acquisition of the operating assets of the Equitable Life Assurance Society (ELAS). He was initially Head of Global Portfolios responsible for the Global Funds team, investment trusts and the Passive, Quant and Derivatives unit. He had worked at ELAS since 1985 in a number of roles including managing fixed interest and equity assets across a variety of unitised and with profit portfolios. In 1999 he was appointed Assistant General Manager for the Investment Department with responsibility for unit-linked funds. Marchant has a first class degree in Economics and Econometrics from Nottingham University and an MBA from City University. He is also an Associate of the Society of Investment Professionals (ASIP).

Track record

David Marchant has 8.8 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.05%.
During the worst period of relative performance (from February 2008 - December 2008) there was a decline of 14% relative to the index. The worst absolute loss has been 40%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 87%.