Molloy joined LGIM’s index fund team in November 2009 and is responsible for the management of a number of international equity index portfolios. Previously, he was at Northern Trust Global Investors for three years, working as an index fund manager, specialising in Emerging Market portfolios for both pooled and segregated funds. He performed a similar role at State Street Global Advisors. Molloy started his investment management career with Gulf International Bank as a Portfolio Dealer. He is a member of both the FTSE Nationality Committee and the FTSE Americas Committee.
Joseph Molloy has 3.9 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.14%.
During the worst period of relative performance (from April 2013 - December 2014) there was a decline of 8% relative to the index. The worst absolute loss has been 7%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 73%.
|Periods of worst performance
(June 2011 - September 2011)
(April 2013 - December 2014)