This is a new strategy and as yet information on holdings etc has now filtered to Morningstar. Andrew Swan built a good reputation at BlackRock over many years before joining ManGLG to set up a new strategy. He has a team of six, of which two came across from BlackRock. His style is to take a flexible approach around the macro, style, and country allocation. This means he can rotate the portfolio to deliver outperformance across all cycles.
He is looking for earnings revision which is being missed by the market irrespective of whether the company is a value or growth opportunity. Companies will come from different areas of the market and you need to be flexible on this, and that means that he will include turn around stocks.
As an example of this, he has shifted underweight North Asia to overweight South Asia, and reduced China consumer and added into materials. In terms of holdings this has meant selling off Alibaba and adding BaoSteel Group, which is a play on China taking its environmental responsibility more seriously….read more