Redefining value amid high-profile manager exits
Michael Stiasny to take over management
M&G Recovery fund manager Tom Dobell has said his recent poor performance is down to stock selection rather than the size of his fund.
M&G's Tom Dobell has warned against what he sees as the "tiresome" rise in short-term trading, suggesting investors need to move away from "grazing" and hold stocks for longer.
Every fund experiences periods of underperformance from time to time, but which out of favour fund managers could be about to turn things around?
M&G has won its fight to add four non-executive directors to the board of Gulf Keystone Petroleum (GKP) after the small-cap oil group backed down at the last minute.