Stokes believes in ruthless approach

Lawrence House multi-manager head Alan Stokes warns against falling in love with holdings in a volatile market

As managers seek returns in a volatile market environment, Lawrence House multi-manager head Alan Stokes believes a ruthless investment approach is required. "If something is not working for you, get rid of it," he said. "Some people fall in love with a stock and find it easy to buy and difficult to sell." Stokes heads the Kent-based fund manager's Oeic, which contains three sub-funds in the form of the £10.9m Balanced Managed, £4.8m Cautious Managed and £2.7m UK Equity portfolios. In terms of the mandates, Balanced Managed primarily invests in equity funds, whereas the Cautious portfolio...