"Fund managers had been dumping Carillion's stock in their droves last year, but some were still hit by today's collapse."
Carillion's (CLLN) well-publicised problems had sparked fund managers to dump the stock in droves, but not all managed to escape today's collapse into liquidation.
Fund ownership data from Reuters shows few active managers were prepared to hold a sizeable stake in the troubled construction group's shares.
The number of 'tracker' funds and exchange-traded funds, which aim to replicate the performance of a particular index , that appear among the company's top investors is testament to how far out of favour the stock had fallen among active fund managers.
Among those who had clung on to the stock are James Henderson and Laura Foll, who held the company in their Law Debenture (LWDB) and Lowland (LWI ) Investment Trusts.
The article goes on to discuss a number of other funds which had disposed of their holdings over the preceding year.
http://citywire.co.uk/money/the-fund-ma ... e/a1083709