Unexpected entries in fund manager 'hall of shame'

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A handful of star fund managers have produced exceptional returns during the downturn, while the Cautious Managed sector and many others wallow in negative territory, according to HFM Columbus.

The wealth manager said BlackRock, Resolution Argonaut and First State prove fund managers can use the current diversity in stock and sector returns to outperform in a credit crunch. “Mark Lyttleton at BlackRock has put the arguably overpaid and overrated hedge fund community to shame with his market-neutral UK Absolute Alpha,” said Rob Pemberton, investment director at HFMC. The fund returned 16% for the year ended June 2008, a period over which the FTSE All-Share fell 13%. Also protecting capital is Barry Norris, whose Resolution Argonaut European Alpha fund managed a completely flat re...

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