Smith, Yarrow and Findlay on Chatfeild-Roberts ‘select’ list

Added 16th June 2017

There are few true stars in the active management industry, according to Jupiter Merlin’s John Chatfeild-Roberts, but the multi-manager head thinks Terry Smith, Hugh Yarrow and James Findlay make the grade.

Smith, Yarrow and Findlay on Chatfeild-Roberts ‘select’ list

Chatfeild-Roberts agrees with the message propagated by the passives industry that good investors are hard to come by and mediocre managers are a dime a dozen.   

“The good investors, wherever they happen to be, there just aren’t that many of them," he confessed.

"There are lots of people who try, but as the passives industry will tell you, there are lots of people who don’t seem to be very good at it.”

Among the "select number" of managers who he considers true standouts in the field is James Findlay of Findlay Park.

Chatfeild-Roberts has been a supporter of Findlay’s boutique operation since it opened in 1998.

In particular, his Findlay Park American fund has allowed Chatfeild-Roberts to tap into the variety of solid, entrepreneurial companies the US has to offer.

Chatfeild-Roberts is also partial to Hugh Yarrow’s Evenlode Income fund, another fund and manager he has backed since it was a fledgling £50m fund.

The Evenlode Income Fund has since rapidly expanded to £1.2bn and Chatfeild-Roberts owns roughly half of it.

“We currently run approximately £8bn so You possibly would expect us only to invest in only large funds but we’re happy to back smaller funds as well.”

“Generally speaking, the people that we like appear in more than one of our five unit trusts,” he explained.

Visitor's Comments Add your comment

Add Your Comment

We won't publish your address

About Author

Kristen McGachey

Senior Reporter

Kristen joined Last Word Media and the world of financial journalism in April 2016, leaving behind a career in a legal publishing firm as a senior researcher turned assistant editor.

This native Angelino initially moved to the UK in 2008 to complete her undergraduate studies at the University of Nottingham. She subsequently obtained a Masters degree in Philosophy with Literature from the University of Warwick.



Investment Strategy




PA Channel Islands November 2017
PA Channel Islands November 2017

Tuesday 14 November
Royal Yacht Hotel, Jersey

PA Alternative Ucits November 2017
PA Alternative Ucits November 2017

Tuesday 7 November 
Furniture Makers' Hall

PA Global 2017
PA Global 2017

Thursday 23 November
M by Montcalm Shoreditch Tech City

PA Emerging Markets November 2017
PA Emerging Markets November 2017

Tuesday 28 November
Radisson Blu Edwardian Bloomsbury Street Hotel