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Hawksmoor sees opportunities in badly performing sectors

Hawksmoor Investment Management is spotting opportunities in sectors that are currently performing badly such as emerging market debt and corporate bonds.

The multi-manager says holding cash and government bonds is currently unattractive because their value will be eroded by inflation. The alternative is to look for corporate bonds and equities where prices have fallen so that investors will benefit from any appreciation in the value of cheap assets.

It is possible to buy equities and bonds from companies with robust business and strong finances that should deliver better returns than gilts and cash. But Hawksmoor highlights the problem for investors of being pulled between attractive bottom-up opportunities and unattractive top-down political and economic concerns.

Chief investment officer Richard Scott says: “Historically, the best times to invest have been when it has felt hardest to do so.

Investors need to decide to what extent they are prepared to swap the almost certain losses, after inflation, of holding cash and core government bonds for the potentially much greater returns offered by carefully chosen equities and corporate bonds.”


ABI appoints RLAM’s Talbut to chair investment committee

The Association of British Insurers has named Royal London Asset Management’s Robert Talbut as chairman of its investment committee. Talbut is director chief investment officer at RLAM and currently deputy chairman of the committee but will take over from incumbent Alain Domer. Domer, chief executive of Aviva Investors, is stepping down as chairman of the […]

LibDems: Legal threat looms if single market is split

A financial transaction tax that does not cover all 27 EU member states could be a breach of the single market and result in legal action from the UK, according to the Liberal Democrats. Last week, French president Nicolas Sarkozy backed the proposed tax being applied in fewer than all 27 member states, even though […]


Ex-James Hay duo buy SSAS firm

Former James Hay duo Richard Mattison and Jane Davies have bought Manchester-based pension provider Whitehall Group. It was set up by a Stockport firm of chartered accountants in May last year to target the SSAS sector. The SSAS pricing structure aims to mirror a low-cost Sipp, with a set-up fee of £250 and a £250 […]

When is £1m not £1m?

Neil Jones is technical support manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. The residential nil-rate band (RNRB) was first announced in […]


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