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You are here: Manager factsheet
Paul Causer
Invesco Perpetual Fund Mgrs, Invesco Asset Management, Invesco Asset Management Ltd, St. Jamess Place UT Group Ltd
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FE Trustnet verdict
Overall, performing better than the peer group composite. Over a long track record, the manager has, period by period, consistently managed to outperform the peer group. Good stockpicking has had a material positive impact on results, which have not been particularly exposed to falling markets.
Manager profile
Paul Causer has clocked up more than 20 years' fund management experience. He started out as a research and credit analyst with Japanese bank Asahi Bank and moved on to the group's treasury department before he was given responsibility for the bank's multi-currency investment portfolio. Along with his co-manager Paul Read, Causer signed a new contract with Invesco Perpetual in 2002 after turning down an approach from New Star. The 'two Ps' also co-manage the Invesco Global Bond fund, and the Invesco Leveraged High Yield investment trust. In January 2004 they began co-managing the newly launched Invesco Perpetual Distribution fund alongside colleague Neil Woodford.
Total return for Paul Causer
Manager career performance
 
Rolling Alpha Quartile: Discrete three year periods
Rolling Alpha Quartile shows a manager's alpha score in quartile terms, plotting his or her risk adjusted performance against all other managers in the UT & OEICs universe. The best managers are those who are consistently ranked in the first or second quartile.
 
Quartile 1
Quartile 2
Quartile 3
Quartile 4
 
 
 
 
 
0-36m
 
 
 
 
 
 
 
 
 
12-48m
 
 
 
 
 
 
 
 
 
24-60m
 
 
 
 
 
 
 
 
 
36-72m
 
 
 
 
 
 
 
 
 
48-84m
 
 
 
 
 
 
 
 
 
Discrete calendar year performance : Paul Causer

Manager career performance
Discrete performance
  0-12m 12-24m 24-36m 36-48m 48-60m 60-72m 72-84m 84-96m 96-108m 108-120m
Paul Causer 19.5 0.3 8.7 38.7 -9.3 3.3 3.9 9.7 11.8 47.5
Peer Group Composite 13.2 1.3 6.2 24.9 -8.0 0.6 3.3 8.2 9.2 10.1
Over / Under 6.3 -1.0 2.5 13.8 -1.3 2.7 0.6 1.5 2.6 37.4
Performance vs peer group composite: Paul Causer
How a manager matches up against his peers gives you some idea of how talented he is. Very few managers perform equally well in rising and falling markets, so knowing which type of market a manager is capable of performing well within is also important.
 
Overall markets
Up
Outperformed peer group composite
8 years
out of a possible 10
 
Overall markets
Up
Underperformed peer group composite
2 years
out of a possible 10
 
Rising markets
UpDown
Outperformed peer group composite
8 years
out of a possible 9
 
Falling markets
UpDown
Outperformed peer group composite
0 years
out of a possible 1
Funds currently managed
Fund Sole/Co-managed Sector Periods
Invesco Perp Corporate Bond Co-managed UT Sterling Corporate Bond since Jul 24 1995 to present
Invesco Perp Monthly Income Plus Co-managed UT Sterling Strategic Bond since Feb 06 1999 to present
Invesco Perp European High Yield Co-managed UT Sterling High Yield since Jun 01 2001 to present
City Merchants High Yield Trust Limited Co-managed IT UK High Income since Aug 01 2003 to present
Invesco Leveraged High Yield Ltd Co-managed IT Global High Income since Jan 01 2004 to present
Invesco Perp Distribution Co-managed UT Mixed Investment 20%-60% Shares since Jan 26 2004 to present
Invesco Euro Corporate Bond Co-managed FO Fixed Int - EUR Corporate Bond since Mar 31 2006 to present
Invesco Pan European High Income Co-managed FO Mixed Asset - Cautious since Mar 31 2006 to present
SJP Corporate Bond Co-managed UT Sterling Strategic Bond since Apr 07 2008 to present
Invesco Perp European High Income Co-managed UT Mixed Investment 20%-60% Shares since May 01 2008 to present
Invesco Perp Tactical Bond Co-managed UT Sterling Strategic Bond since Feb 01 2010 to present
Invesco Global Unconstrained Bond Co-managed FO Fixed Int - Global since Jun 01 2010 to present
Invesco Global Total Return (EUR) Bond Co-managed FO Fixed Int - Global since Sep 15 2010 to present
Invesco Perp Global Financial Capital Co-managed UT Specialist since Jan 25 2012 to present
Funds managed previously
Fund Periods
Invesco Perp Money since Jul 25 1994 to Feb 28 2010
Invesco Perp Global Bond since Apr 01 1995 to Feb 28 2010
Invesco Sterling Reserve since Apr 01 2002 to Feb 28 2010
Invesco Sterling Bond since Apr 12 2001 to May 31 2008
Invesco Global Bond since Nov 01 2004 to Feb 28 2010
Invesco Perpetual Select Managed Liquidity plc since Nov 24 2006 to Jul 31 2010
SJP Investment Grade Corporate Bond since Apr 06 2009 to Apr 09 2012
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Group Income investors ignoring diversification warnings, says Porter By Alex Paget  01-May-2013
 
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