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Evening Standard
Evening Standard
Business
Simon English

Revealed: Worst big City funds have lost £10 billion

City Baillie Gifford Tesla Inc. Amazon Evening Standard Moderna SCM Direct

City funds: Under pressure

(Picture: PA)

The ten worst performing big City funds have lost investors £10 billion since Christmas, the latest blow to the reputation of the active investment sector.

While stock markets have been rocky, the FTSE 100 is down only about 4% this year. The worst funds are down more than 40% in some cases, again calling into question the value of City stock pickers, against computers that just track stock markets.

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