Cazenove Capital Management, Tim Russell

While oil and mining underweights have harmed the Cazenove manager's performance, he feels prognosis for the sectors is no longer as positive

While still regarded as one of the top UK fund managers in the industry, Cazenove Capital Management's Tim Russell has recently faced what he calls the toughest two years of his investment career. Within his Cazenove UK Growth & Income fund, Russell has missed out on many of the stocks that have benefited from a bidding frenzy amid increased M&A activitiy. The fund has also been underweight in the top-performing resources sector. These themes are also evident in the UK Equity Absolute Return portfolio, a long-short hedge fund managed by Russell. In managing the UK Growth & Income fund, ...