Old Mutual, Luke Kerr

In the hands of Luke Kerr, Old Mutual's offshore UK Select has become more concentrated rather than a direct mirror of the onshore version

Click here to download pdf Luke Kerr's Dublin-domiciled UK Select Smaller Companies fund is often overshadowed by the onshore offering of the same name, despite often registering superior numbers. Initially launched as a direct reflection of the onshore offering, run by Daniel Nickols, the fund was altered when the firm realised money was being ploughed into the onshore version while the offshore product was unable to grow. As such, the specialist portfolio, benchmarked against the Hoare Govett Smaller Companies index, has been constructed by Kerr picking key stocks featured in the onsho...