Green targets FTSE 100 shares

the manager of dresdner UK growth and mid cap portfolios shuns biotechs in favour of health and retail stocks

Trevor Green has stepped out from the shadows of his previous colleague Bill Mott at Credit Suisse but is faced with turning around one of the worst-performing funds in the UK All Companies sector, the £173.1m Dresdner RCM UK Growth Oeic. Green, who joined Dresdner in February this year, has now restructured the portfolio, focusing on fundamentals and selling out of the 'hope' stocks in which the fund was heavily weighted. The fund was ranked 299 out of 316 and gave a negative return of 8.3% over the three months to 10 June 2002 compared with a sector average of -4.2% on a bid-to-bid...