Docherty and Dean turn attention to names including Babcock, Sage and Experian
Cazenove’s David Docherty is searching for companies likely to benefit from the UK Government’s outsourcing of public services, as it aims to cut £6bn from the Budget deficit this financial year. Docherty co-manages the £554m Cazenove UK Growth & Income fund with Tim Russell. The portfolio has 1.9% in Babcock International, an international engineering support services business. In January the managers added to a position in VT Group, which Babcock successfully bid for in March. Docherty has also boosted his position in security outsourcing firm G4S, taking the position to 1.5%, an ov...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes