This fundie liquidated 90% of his fund when COVID-19 hit

Ask A Fund Manager

The Motley Fool chats with fund managers so that you can get an insight into how the professionals think. In this edition, Balmoral Asset Management director Angus Crennan tells how he liquidated 90% of the fund when he knew COVID-19 was about to wreck share markets.

Investment style

The Motley Fool: What’s your fund’s philosophy?

Angus Crennan: It’s a multi-asset strategy. And it’s got a twin objective. The first objective is to get 8 percent [per annum] over rolling 3-year periods. The second objective is to deliver positive returns regardless of market conditions.

Broadly speaking [there are] two main differentiators that Balmoral represents. The first one is relationships and trust. All of the…