The Absolute Return Fund That Beat the Crisis

The Argonaut Absolute Return fund lost 95% of its assets after a disastrous year in 2016. In 2020, it's produced double-digit returns. Manager Barry Norris explains the turnaround

Holly Black 14 May, 2020 | 10:01AM

barry norris

It’s 2016. The Argonaut Absolute Return fund is one of the worst performing funds, not just in its sector but of all Investment Association funds. Investors are turning away in their droves; it has lost 95% assets. It’s fair to say this a low point in the career of Barry Norris.

Fast forward four years to the worst sell-off that markets have seen since 1987 and Argonaut Absolute Return is having a stellar run. Up 22% year to date, it is one of just a handful funds to post a positive return in what has been a torrid few months.

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About Author

Holly Black  is Senior Editor, Morningstar.co.uk

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