Bedlam goes cherry-picking Old-established global investment trusts are too reliant on Anglo-Saxon large caps, reckons the maverick fund manager as it launches a highly focused competitor.

From: The Sunday Telegraph London | Date: April 15, 2007| Author: PaulFarrow | Copyright information

Bedlam Asset Management is not averse to ruffling City feathers. At its launch five years ago it lambasted fund managers for being "grossly overpaid'' and threw down the gauntlet by promising to charge fees only when its funds generated a positive return over a set benchmark.

Now it is having a dig at the grandaddy of all investment funds- the global investment trusts, many of which are more than a century old. Bedlam reckons many do not do what they say on the tin and are not, in fact...

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