Techinvest manager says US and small-cap focus is winning out amid ‘crazy' IPO prices in technology space.
Borne out of a long-running technology investment newsletter, the MFM Techinvest Technology fund resides almost unnoticed at the top of the IMA Technology sector on a one- and three-year basis, having benefitted from increased focus on the US and an overweight to small caps. The vehicle is run by Conor McCarthy of Techinvest in Ireland, and administered by Marlborough Fund Managers in the UK. McCarthy has published a technology newsletter since 1984 and launched the fund in the aftermath of the tech bear market in 2003. “Our only marketing tool is our performance”, said McCarthy, but ...
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