Fund ratings agency FundCalibre has named five ‘rising star’ managers tipped to produce strong long-term investment returns, reports Investment Week. The managers already run funds that have been awarded a FundCalibre Elite Rating, the top award handed out to funds expected to perform well in the future. One of the five, Hugh Yarrow, runs the £235m Evenlode Income fund. Evenlode has outperformed peers over all time periods, returning 52% over three years versus the IA UK Equity Income sector average of 45%, and FundCalibre has gone as far as labelling the manager “a potential heir to Neil Woodford’s crown of income investing”.
