Investment manager finds little value in ‘the most difficult year’
Investment manager Seneca has struggled during "the most difficult year" with its investment strategy proving to be a poor fit for the conditions created by the pandemic.
The Liverpool-based company generated total returns that were nearly 30 percentage points behind the benchmark return.
"This is one of the most complex and challenging periods we have witnessed in our lifetimes," said chairman Richard Ramsay.
"When so many lives and livelihoods are being ruined by COVID-19, it might seem rather trivial to be worrying abo... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
