Barnett ousted from PLY: Justified or a 'Doctor Doom' moment?

Others, meanwhile, have questioned whether the removal of Barnett from the £620m trust resembles the sacking of well-known contrarian manager Tony Dye in 2000, who avoided tech stocks during the run-up to the bursting of the dotcom bubble. PLY, which has been managed by Barnett for more than 20 years, has underperformed both its FTSE All-Share benchmark and its average peer in the IT UK Equity income sector over one, three, five and ten years, having been the single-worst performing UK equity income trust over the last half a decade. Over the last three months alone, it has lost 41.9%, a...