Lipper’s ninth Annual Lipper Expert Forum was held at the Thomson Reuters Auditorium at Canary Wharf, London on November 12, 2014. It brought together some of the industry’s top leaders to discuss key issues in the world of active and passive funds management and consider the market outlook for 2015. This year the event was held in conjunction with the Chartered Institute of Securities and Investment, one of the premier professional bodies in the U.K. A full house of delegates ensured that there was a high degree of anticipation as proceedings got underway and this year for the first time,

Highlights from presentation by Leon Howard-Spink, March 4, 2014. There are three certainties in life – death, taxes and fund manager under-performance. The third is neither to be feared nor seen as an indictment against active funds management. It is during periods of under-performance that a fund manager shows steel or “courage under fire” as I refer to it.  Leon Howard-Spink does not shrink from his recent difficulties at Schroder. He explains his attribution calmly and with an assurance that suggests his central stock picking tenets remain intact. To his credit, not only does he understand and thoroughly articulate his portfolio positioning, he has recognised there