In its newest Evaluation of Worth report, the board of Royal London Unit Belief Administration (RLUTM) famous the fund has been underperforming over numerous years and thereby failing its goal to outperform its benchmark over a five-year interval.
The £320.2m technique, managed by the Excessive Alpha Fairness staff, was additionally crimson flagged in final 12 months’s version of the worth evaluation report.
Royal London made adjustments to the administration staff of the fund in 2023 and adjusted the composition of its investments. Nonetheless, the board of RLUTM famous that whereas “preliminary indicators from these adjustments had been promenade…
