Oils and miners boost Claverhouse

JPMorgan Claverhouse managers boast strong stock selection to shake off gearing damage

Stockpicking among oils and focusing away from consumer stocks have helped JPM Claverhouse improve on a difficult 2007 so far this year. The vehicle, managed by James Illsley and Sarah Emly, outperformed the FTSE All-Share over the first half of the year, returning -9.4% in NAV terms against -11.2%. Illsley highlighted stock selection as the key driver behind performance on the vehicle. "At a stock level, the most significant contributors to performance during the first half included holdings in British Energy and Drax Group, which both outperformed the market strongly," he added. "...