Unicorn Founder, CEO Resigns Amid Poor Performance

Peter Webb leaves Unicorn.

Christopher J. Traulsen, CFA 21 July, 2008 | 12:17PM
Facebook Twitter LinkedIn
Unicorn Asset Management founder and CEO Peter Webb has resigned from the firm effective immediately.

Webb was the named manager on four funds: Unicorn UK Smaller Companies, Unicorn Free Spirit, Unicorn Outstanding British Companies, and Unicorn UK Income. The funds will be run by the team that backed Webb, including John McClure, Sam Barton, and Chris Hutchinson.

Unicorn as a firm has struggled to deliver competitive performance. UK Smaller Companies, Free Spirit,

t/snapshot.aspx?id=F0GBR06IV1">Master Trust, and UK Income all rank in the bottom third of their respective Morningstar categories over the past three years. The two funds with five-year records, UK Smaller Companies and Free Spirit, both rank in the bottom 20% of their Morningstar categories over that period. The funds had accordingly failed to gain traction with investors, with the largest standing at just £12.4 million in assets at last count.

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Facebook Twitter LinkedIn

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Unicorn Mastertrust A657.15 GBP0.79Rating
Unicorn UK Growth A690.39 GBP1.08Rating
Unicorn UK Income A Inc211.11 GBP1.21Rating
Unicorn UK Smaller Companies A645.95 GBP0.80Rating

About Author

Christopher J. Traulsen, CFA  is director of fund research, Europe and Asia, Morningstar.

© Copyright 2024 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures