"It could be a very long, hot summer with a lot of potential for fires if they get started and if we continue to have the hot dry weather, " said Hutchinson.

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Jeffrey Molitor, Vanguard's overseer of outside managers, says he and his staff spend a lot of time talking to potential managers to understand how they make decisions and whether they have an approach that's likely to let them beat the market.

FORBES: The Other Side of Vanguard

That squad is now a lot younger, many of the academy players having been given their chance to prove that they have got more than just potential.

BBC: Bristol cope with another year outside the top flight