Dolbear's derivative bias pays off

Stephen dolbear, manager of F&C's HIgh income Plan, succeeds by investing in derivatives as well as equities and bonds

Foreign & Colonial is not noted for being a high profile unit trust player but its Higher Income Plan is one of the best known funds in the market. The portfolio, which aims to provide investors with an income 2% above UK base rates, has been run by Stephen Dolbear since 1995. Dolbear, who has a background in equity derivatives in the investment banking world, runs a portfolio comprising not only equities and bonds but derivatives too. In addition to his role as a fund manager Dolbear is head of the growing derivatives capability at the group. His team has a key role to play in product...