Stuart Fraser streamlines Aegon European portfolio

Stuart Fraser has cut holdings and refined the investment process on the Aegon European fund since j...

Stuart Fraser has cut holdings and refined the investment process on the Aegon European fund since joining in February as head of the desk. Aegon has since named him lead manager on the fund as former co-manager Alastair Duffy concentrates on other mandates. Fraser said the portfolio was looking stale when he arrived and was probably not traded much in anticipation of his arrival. "It was quite defensive and a bit stale but there were some good ideas in there although my favoured areas such as fertilisers and steel were not heavily represented," he added. Over the past five months, ...