JO Hambro UK Growth rejects oil price focus

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Manager of the JO Hambro Capital Management UK Growth fund Mark Costar is dismissive of company comp...

Manager of the JO Hambro Capital Management UK Growth fund Mark Costar is dismissive of company complaints that rising oil prices and increasing commodity costs are putting pressure on profits. He said: "In this part of the market cycle, good businesses should be able to grow and bad businesses will find excuses, whether it is oil prices or material costs. Good businesses will manage their way through that." In general, he believes fund managers do not have the expertise to make macro calls, whether on the future price movement of a barrel of light crude oil or the UK housing market. Cos...

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