Dobell: M&A will drive returns on £8bn Recovery fund in 2013


Tom Dobell, manager of the £7.7bn M&G Recovery fund, expects an uptick in M&A activity to rejuvenate performance in 2013 after a "tough" three years for the fund.

Dobell (pictured) anticipates an increase in mergers and acquisitions next year, which he expects will be a major catalyst for re-ratings of a number of stocks within his portfolio. "M&A activity has been in very short supply over the past couple of years, we have only had two holdings in the fund impacted by corporate activity over the past couple of years," he said. "I expect more M&A to come through next year as business confidence gradually improves. I have a number of holdings which are pushing on the M&A button, which gives me a route to exit the position and refresh the fund ag...

To continue reading this article...

Join Investment Week

  • 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

Join now


Already an Investment Week


More on Investment

Dan Green, portfolio manager at Martin Currie

Three sectors that will benefit from the digital economy

E-commerce, the auction industry and cybersecurity

Dan Green
clock 12 August 2022 • 3 min read
Recession will be the main focus in Q3

How to invest in a recession

Mild recession already priced in

clock 11 August 2022 • 4 min read
Mike Preston, partner at Cleary Gottlieb

Private equity in sport: A growing opportunity

Expected to grow to $500bn

Mike Preston
clock 11 August 2022 • 4 min read