This is a new strategy that is due to be launched on 1 June. The manager successfully managed a similar strategy at BNY Mellon/Newton, being in the top 1% of performance over 1, 3, 5 and 10 years (note this is date from Brook). His team from BNY Mellon/Newton will also be joining him, with Sophia Whitebread becoming the assistant portfolio manager. For those who know the previous strategy they will already be aware of the style.
As an overview the approach is benchmark agnostic, searches out thematic tailwinds, focuses on superior corporate governance and aims to invest in less risky companies. His performance demonstrates how he has been able to be ahead of the game when investing and he is happy to stick with stocks to deliver the right outcome.
He aims to have a high tracking error, low turnover (around 5 to 7 year holding period), high active share and a concentrated portfolio of between 30 and 40 names. The aim is to invest in companies where they can capture both growth opportunities and compound returns with lower absolute risk…..read more