Neil Birrell: Why it pays to tell the whole story on fund performance

I was talking to Jon Hudson and Benji Dawes who manage the Premier UK Growth fund the other day. As of 1 November 2020, they have been managing the fund for three years and have produced outstanding performance numbers, they have also been managing the UK equity portfolio within my fund, the Premier Diversified Growth fund, very successfully for five years come March next year. Once we had finished fretting about the markets, which were having a particularly bad day, discussing how their fund was doing and going through a few of the stocks that they held; we moved on to the presentati...