Mike Rice, 52, is a veteran trader. He has lived through the oil crisis, the South American debt crisis, a 25% inflationary environment and several bear markets. And that has made him a cautious fund manager. If you are looking for spectacular returns, says Rice, then he is not your man. But if you want steady performance over the long term then the Clear Fund (Cautious Low Equity Absolute Returns) is an option.
'The fund, which can be described as a fixed income enhanced fund, is deliberately