Changing processes is not for everyone, however. Premier Asset Management’s £13.7m Enterprise fund, run by Nigel Sidebottom, lost 2.5 per cent in the three years to March 22, according to FE data.
But instead of changing the fund’s process or portfolio, Premier is set to merge this underperforming fund into its £10.4m Global Alpha Growth fund, as Investment Adviser revealed this month.
Premier’s marketing director Simon Wilson said at the time that the Global Alpha Growth fund will produce a “better outcome” for clients. It has gained 18.6 per cent in the three years to March 22; since Mr Robbins joined Premier from Investec in October 2011, the fund has ranked in the second quartile of the IMA Global sector with a 27.5 per cent return.
Nick Reeve is senior reporter at Investment Adviser
