JO Hambro Capital Management's (JOHCM) Alex Savvides has said he will continue to support last year's best-performing holdings on his £354m UK Dynamic fund as he believes further value will emerge, but added the "environment is also good for new ideas".
The manager of the multi-cap fund (pictured), which is run with a value approach, said correlations within the stockmarket and between asset classes had been high in recent years but he has started to notice diverging performance in some areas. "There is an increasing number of companies struggling to meet previous guidelines and issuing profit warnings, while others are starting to do better. We are encouraged by some of the ideas coming through," he said. Rising star to superstar? FundCalibre's managers to watch Meanwhile, after significantly outperforming the benchmark and IA UK...
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