View more on these topics

Julian Gibbs

Nigel Thomas, who manages the Framlington UK select opportunities fund, has possibly the best long-term record in the industry. He has been a top performer for more than 20 years with Hill Samuel, Carrington Pembroke – subsequently ABN Amro – and now with Framlington.

His fund is up by over 50 per cent this year against the average UK all companies unit trust performance of 26 per cent and the 18.3 per cent rise in the FTSE 100.

Between 1996 and 2001, the Solus special situations fund outperformed all other UK all companies funds while the ABN Amro fund, which he managed for the next 12 months, was ranked fourth out of 272 funds over the period.

He has certainly not lost his touch. His fund is well up into the top 20 out of 280 funds in the UK all companies sector since he started managing it. He has achieved this success by focusing on themes including recovery stories, growth and value plays and new issues.

He looks for companies with strong cash flows, high barriers to entry, pricing power, honesty of management and fundamental valuations. At present, he very much likes oil and gas stocks including Cairn Energy, Shell and BP. He also likes some basic industries which were starved of capital in the 1990s and are now experiencing pricing power as global growth creates some supply-side bottlenecks.

He invests mainly outside FTSE 100 companies, which now account for around 25 per cent of the fund. About 30 per cent of the fund is invested in FTSE 250 companies, with smaller companies representing the balance.

Despite the problems in the Middle East, he believes there are many good opportunities in the UK. Investors should be very happy investing in this fund over the next few years.


FSA should make financial services firms more responsible – FSCP

The FSA should push financial services companies to take more responsibility for the way they treat consumers says the Financial Services Consumer Panel. In its Annual Report the FSCP calls on the industry and FSA to take more responsibility for the way that consumers are treated, if consumer confidence in the industry is to be […]

Out of context

•”Rescue Stuart? That is a grenade I am unwilling to throw myself upon.” – Bright Grey&#39s Mark Locke refusing to save a colleague from an over-talkative IFA. •”I think the Greeks have got it right where women are concerned. The men laze around while the women do all the hard work.” – Bright Grey&#39s Stuart […]

Treasury says move strikes balance between the market and consumers

Treasury financial secretary Ruth Kelly says the Government&#39s decision to set the price cap at 1.5 per cent strikes a balance between market economics and the interests of consumers. She says that, to inform its decision, the Government commissioned research by Deloitte on the market impact of a range of price caps. She says: “The […]

Probe aims to fight financial fraudsters

RSM Robson Rhodes is teaming with the Fraud Advisory Panel, the Home Office and the police for a comprehensive study into the impact of economic crime on the financial services sector. Financial institutions are being asked to participate in the study on ways to curb economic crime which is estimated to cost financial services £10bn […]

Artemis Global Income: Making sense of global markets

The rally in cyclical ‘value’ stocks paused for breath in February, as investors took a more cautious tone and switched their attention back to defensive areas. In this article, Jacob de Tusch-Lec, manager of the Artemis Global Income Fund, explains how he has positioned the portfolio, given the many economic, geopolitical and policy risks that […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm