Fisher focuses Waverton vehicle

Johim's Waverton manager reduces stocks to make Global Equity fund more concentrated mandate

Jennifer Fisher has focused on making Johim's Waverton Global Equity fund a more concentrated best-ideas mandate since taking over last October. Fisher reduced the number of stocks on the portfolio and moved to a best-ideas approach. She took over from previous manager William Franklin, who ran the vehicle since inception in 1999. He remains with the group, focusing on private-client portfolios. Fisher joined Johim in March 2004 from her head of US research position at Cazenove. She said: "I really wanted to concentrate on the best ideas of the fund, and have since brought the stock...