Gifford tapping into Old Mutual mid-cap expertise

Omam's Michael Gifford blends best ideas of high-profile mid-cap colleagues with his own top-down process favouring barbell approach to investing

Old Mutual's Michael Gifford thanks his proximity to mid- and small-cap stars Dan Nickols and Ashton Bradbury for sturdy results since adopting the group's equity income offering. The manager has adopted a mid-cap slant on £48m Equity Income, which he took over from Suresh Sadasivan in July 2006. "I sit next to Bradbury and Nickols so it would be crass for me not to use that resource," he said. "I am tapping into their best ideas while using my top-down ideas to generate yield." The manager backs Nickols and Bradbury's defence favourites Babcock and Chemring and has also made bets o...