Hunter begins to rebias portfolio after dramatic overhaul in 2008

Old Mutual Asian Select manager minimised exposure to Western recessionary pressures but is now re-investing in export-driven companies

Philip Hunter took over management of the £55.5m Old Mutual Asian Select fund in August last year after the departure of Suresh Sadasivan. Hunter's appointment as manager of the fund coincided with the global recession, which was steadily gathering pace. Although his style is very similar to his predecessor, using both a top-down, macroeconomic view to identify regions and sectors and a bottom-up approach to identify stock selection, Hunter needed to reposition the portfolio quickly. Faced with growing downward pressure on valuations, he took the decision to overhaul the portfolio, mi...