Richard Hughes has 4.6 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.31%.
During the worst period of relative performance (from February 2001 - November 2001) there was a decline of 14% relative to the index. The worst absolute loss has been 47%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 85%.
|Periods of worst performance
(December 2000 - March 2003)
(February 2001 - November 2001)