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CAF keeps fund manager despite negative returns
By Helen Warrell, Third Sector, 12 March 2008
The Charities Aid Foundation is sticking with its fund manager despite news that its flagship equities fund significantly under-performed in 2007.
The CAF Equity Growth Fund, managed by investment house UBS, aims to outperform the FTSE All-Share Index by 2 per cent a year. It showed negative returns of -6.5 per cent for the year, according to figures from the WM Common Investment Fund Quarterly Review, published by market analysts WM...
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