Waiting for The tide to turn

Some funds seem fated to be associated with a certain manager. Invesco Perpetual High Income will always be 'the Neil Woodford fund' and Fidelity Special Situations could hardly be anything other than 'the Anthony Bolton fund'. For many people, Newton Higher Income has been 'the Toby Thompson fund', but perhaps it is time that changed. Thompson ran the fund from 1997 until his departure for New Star in 2001. Clive Beagles then took it on until 2004 when he left to join JO Hambro Capital Management. Since then it has been under the stewardship of Tineke Frikkee, a member of the management ...