Investor Summary

Simon Evan-Cook serves as Founder and Lead Fund Manager with over 25 years of investment industry experience, having previously worked at Premier Asset Management, Fidelity, Rothschild Asset Management, and Gartmore before joining Downing in February 2022 to launch the Fox Funds. He is an award-winning multi-asset fund manager and University of Hull graduate who maintains an active presence as a Citywire columnist and blogger. Alex Paget serves as Co-Fund Manager with 12 years of industry experience, having joined Downing Fund Managers in January 2023 after serving as Head of Client Investment Strategy at Liontrust Asset Management and holding prior roles at Neptune, Kepler Partners, and as a Financial Express journalist.

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Fund Strategy

The MGTS Downing Fox Funds employ a distinctive 'survive-first, thrive-second philosophy' centered on two core components: Growth and Defence. The funds maintain fixed allocations between these components to avoid emotional, reactive rebalancing and keep clients invested for the long term. The investment philosophy emphasizes that 'unexpected events happen all the time, so we shouldn't be caught off guard when they do,' leading to a diversified approach that combines different fund managers 'who are on different journeys at different times' to reduce volatility. The funds focus exclusively on active management and use only traditional assets with proven track records in the defensive component, following what Evan-Cook calls a 'dishwasher philosophy' - if assets have survived multiple economic cycles, 'you can trust them.' This approach aims to provide clients with an 'unheroic journey' through market cycles while still capturing long-term outperformance.

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FUND PERFORMANCE AS OF 31st December 2025

ANNUALIZED SINCE INCEPTION QUARTERLY YTD
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