Fund Focus: City Financial's Mark Harris on why he is positioned against the consensus

Fund Focus: City Financial's Mark Harris on why he is positioned against the consensus

clock • 4 min read

Mark Harris, manager of the City Financial Multi Asset Balanced fund, tells Maria Merricks about the important role alternatives play within the portfolio...

  1. What has driven the fund's outperformance over five years? Chris Jaques managed the fund from January 2009 until 2011 and produced a good return by capturing the equity beta inspired rally, while maintaining relatively low volatility. In late-2011, I started to manage the fund and was relatively defensively positioned. In 2012, the portfolios were relatively balanced but with low volatility. Last year, I tactically hedged our beta positions, which meant the fund held up very well in the May declines caused by Ben Bernanke's comments on tapering.  So far this year, the fund ha...

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