Cazenove targets firms expected to benefit from outsourcing trend

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...