We Need More Managers Like James Clunie

Editor's View: Jupiter's James Clunie ran out of time and luck, Airbnb's ESG risks under scrutiny and the difficulty of investing to buy a property

Holly Black 11 December, 2020 | 10:42AM
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I can’t say it was a surprise to hear this week that James Clunie will be stepping down from running the Jupiter Absolute Return fund. The fund has lagged for a long time, is down 18% this year and has posted annualised losses of 8% over three years. Assets have dwindled to around £165 million as investors have given up and moved their money elsewhere.

The situation raises a couple of important questions for me. Firstly, the obvious one of what do you do when a manager leaves a fund? But our analyst Michael DeFauw explains that here. Another burning question I have though, is how long should investors stick with their convictions when things are going wrong?

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About Author

Holly Black  is Senior Editor, Morningstar.co.uk