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The Mail on Sunday features the LF Gresham House UK Micro Cap Fund

Gresham House

The Mail on Sunday reports that the  LF Gresham House UK Micro Cap fund has 'an enviable performance record that rival investment funds would probably die for.'

Commenting on the Fund, The Mail on Sunday's Jeff Prestige writes that: 

"In each of the nine full calendar years it has been in existence – 2010 through to 2018 – the fund has delivered a positive return for investors, ranging from 55 per cent in 2013 through to 1.5 per cent last year.

Although it's still early days as far as 2019 is concerned, the fund is already in positive return territory so a decade of positive annual returns could well be on the cards."

 

London st paul

 

On the strategy of fund managers Ken Wotton and Brendan Gulston, Prestige comments:

"While managers Ken Wotton (who has been with the fund since launch in May 2009) and Brendan Gulston are proud of this record, the generation of absolute return is not on their agenda. Their modus operandi is built around managing a concentrated portfolio of stocks – 45 at the moment – and running with the winners, while quickly jettisoning any stocks that show any signs of problems ahead.

Risk mitigation is core to everything that they do – which probably explains their ability to extract investment returns from all kinds of markets. The sea they harvest comprises some 1,000 listed companies that have market capitalisation of less than £250million – businesses, says Wotton, that are 'not well researched by the City' because of their size.

Some sectors are avoided because they are either too risky or prone to being adversely impacted by external factors such as geopolitical or economic events. As a result, the fund has no exposure to oil and gas stocks, mining shares or real estate. The managers also avoid early-stage technology companies or biotech stocks, again on risk grounds."

To read more please visit The Mail on Sunday.

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