Bin last year's top performers - HFM Columbus

HFM Columbus, the Hoyland Financial Management and Columbus Financial Advisers joint venture, is urging investors to use managers with a mind of their own, to avoid ‘trend’ followers. Rob Pemberton, HFM Columbus’ investment director, has concerns on new funds operating in heavily marketed sectors such as emerging markets and commodities. “Investment firms frequently work on the principle of ‘if the ducks quack, feed them’ and aggressively promote areas of the market that have performed strongly - often launching new funds into areas they perceive as easy sells to less sophisticated invest...