stayingon track

By his own admission, Richard Pease, manager of the New Star European Growth fund, has been boringly predictable throughout his career spanning a quarter of a century. But despite acknowledging the fund's recent performance has not been good, Pease remains steadfastly determined to remain on the same track. The Dublin-domiciled fund, which has £25bn in assets in management, has a first quartile ranking since launch on 23 July 2001, but recorded a fourth quartile ranking in August 2007, according to Morningstar. The fund, which sits in the Equity Europe excluding UK sector, was ranked 82 out...