VIRGIN CLIMATE CHANGE - 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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0.32%
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-2.54%
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-0.38%
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-0.22%
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0.85%
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0.09%
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-0.39%
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-0.32%
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73.9%
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26.1%
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26.8%
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Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
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Pierre Lagrange / Ben Funnell
 "Photo of Pierre Lagrange / Ben Funnell")
Following his MA in Engineering at Solvay Business School in Brussels, Lagrange worked at JP Morgan for 5 years in government bond trading. He joined Goldman Sachs in 1990 where he had responsibility for managing European equity portfolios. In 1995 he co-founded GLG Partners, a division of Lehman Brothers, and in 2000 he co-founded GLG Partners LP, where he has overall responsibility for European equities including long-short and long-only funds.
Funnell is a UK-based fund manager for GLG Partners with a focus on asset allocation. He joined the group in May 2006 after 8 years at Morgan Stanley as a European Strategist.
Track record
Pierre Lagrange / Ben Funnell has 6 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.32%.
During the worst period of relative performance (from February 2008 - February 2010) there was a decline of 35% relative to the index. The worst absolute loss has been 54%.
Other funds managed
| Periods of worst performance |
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Absolute
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-54%
(October 2007 - February 2009)
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Relative
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-35%
(February 2008 - February 2010)
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Sector record since
May 2006 (6 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