The GLG Alpha Select Alternative and RWC Cautious Absolute Rate funds have fared the worst, making losses in 21 out of 24 months, while the BlackRock UK Absolute Return Alpha Fund has fared only slightly better with negative performance in 19 out of 24 months.
A further four funds posted losses in more than half of the 24 12-month rolling periods under review.
A total seven funds have achieved positive returns in all 24 months and they are shown in the table below.
Find out more about the ten worst performing funds over the past three years in this week’s gallery.