For every era , there has been a fund group of choice . Fidelity had its moment with its
Special Situations M & G Recovery .” The other beneficiary of this period was Neil Woodford , helping cement his reputation as a star .
What goes up … The subsequent trajectory of these funds would seem to augur badly for today ’ s growth managers . Neil Woodford ’ s history is well known , while M & G Recovery has also been a disaster , with Tom Dobell eventually bowing out in 2020 . Part of the problem is often that the most successful funds are at the extreme of any given investment style and therefore most vulnerable when the environment turns . Asset class specialism may also
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