The UK listed fund, P2P Global Investments is reviewing its manager MW Eaglewood Europe (Marshall Wace), following ‘poor performance’. The fund has delivered a total return on net asset value of 3.6% over one year, compared to 15% for the specialist debt sector more broadly.
Despite this, P2PGI has drummed up huge interest among fund managers. With yields on bonds at low levels, peer-to-peer loans have offered investors relatively attractive returns — currently they offer a one-year return of 5.2 per cent, according to an index by Altfi Data and investment bank Liberum. While P2PGI’s major shareholders include asset managers Invesco Perpetual and Woodford Investment Management, Psigma Investment Management, BlackRock and Legal & General Investment Management all have small shareholdings in the trust.