Schroders flags poor performing multi-manager range in value report for second year running Second AoV report finds nine of the FTSE 100 firm’s funds did not consistently demonstrate value Schroder’s multi-manager team faces tough questions as the majority of its funds have been flagged for poor performance for the second year running. In the FTSE 100 asset manager’s second assessment of value (AoV) report its fund board determined that 80 out of 89 funds had demonstrated value. But once again the fund board concluded that four out of six of its multi-manager funds, run by Robin McDonald (pictured) and Joseph Le Jehan, had failed to consistently demonstrate value.