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Gervais Williams
MAM Funds has moved back into the black, reporting after-tax profit of £400,000 for 2010, compared to a £7m loss in 2009.
Veteran manager Gervais Williams has resigned from Gartmore and will leave the firm at the end of September.
Investors will have to get used to increased risk to their assets, warn IFAs and fund managers, as stockmarkets are likely to be more volatile in the future and there is less opportunity to protect assets in a downturn.
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Gervais Williams, head of Gartmore’s smaller companies fund management team, says cashflow, low gearing, a suitable inflationary environment and general market resistance to smaller firms are combining to create a hugely positive outlook for the sector
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