Fund Manager Focus: Rathbones' Thomson warns on cheap recovery plays

Rathbones' James Thomson has been running the £135m Rathbone Global Opportunities fund for eight years since its launch in November 2003.

The global stockpicking fund focuses on undiscovered growth stocks that are under investors’ radars, but is not to be confused with a special situations offering. The portfolio comprises 40 to 60 of Thomson’s best ideas from across the globe, managed in an unconstrained and flexible investment style. The fund is top quartile over five and three years, returning 31.6% over five years to 6 January against a peer group average of 5.5%, and 68.2% over three years against an average of 31%, according to Morningstar. However, he was unable to escape the dramatic falls in equity markets last...