Tom Dobell, manager of the beleaguered £4.4bn M&G Recovery fund, has called his largest holding BP ‘extraordinary' and is confident the stock can bounce back over the next few years.
Dobell (pictured), who has 6.7% of his fund in BP, hailed the oil major for its "heroic" response to the oil spill disaster in 2010, saying it has been unfairly undervalued by the UK market. The business...
Formerly managed by Bill Gross at Janus Henderson
Opportunity in high yield laggards
Industry Voice: Is uncertainty creating a buying opportunity for active managers or is the UK at risk of becoming a zombie nation due to flagging fundamentals?
Will remain as president