LEGAL & GENERAL UK ALPHA R - 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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-0.57%
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0.78%
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1.89%
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1.29%
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-1.02%
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0.72%
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0.47%
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0.57%
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92.7%
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88.9%
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95.3%
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Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
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Richard Penny
 "Photo of Richard Penny")
Penny graduated in Engineering & Economics from Brasenose College, Oxford, and is a qualified member of UKSIP. He joined Scottish Amicable as a trainee fund manager, initially working on UK equities before moving on to manage their Smaller Companies unit trust from 1994. He moved to M&G in 1996 as a member of the 4-strong UK Smaller Companies team which managed some £1.5bn. He joined Legal & General in 2002 as senior smaller companies fund manager, with analyst responsibility for the construction, healthcare, technology and other financials sectors.
Track record
Richard Penny has 6.9 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.57%.
During the worst period of relative performance (from June 2008 - December 2008) there was a decline of 20% relative to the index. The worst absolute loss has been 46%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 95%.
Other funds managed
| Periods of worst performance |
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Absolute
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-46%
(June 2007 - November 2008)
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|
Relative
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-20%
(June 2008 - December 2008)
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Sector record since
June 2005 (7 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