Richard Hughes has 13.2 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.03%.
During the worst period of relative performance (from February 2007 - December 2010) there was a decline of 16% relative to the index. The worst absolute loss has been 44%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 89%.
|Periods of worst performance
(May 2007 - March 2009)
(February 2007 - December 2010)