View more on these topics

Midas touch

Simon Edwards, who earned an excellent reputation as chief investment manager of the Merseyside pension fund and before that as a director of Credit Suisse, founded Midas Capital just over five years ago and has built up funds under management of more than £1bn.

The lead fund, which he manages himself, is CF Midas balanced growth, the second top performer in its sector over five years. The fund is up by more than 96 per cent over five years to June 1 against the sector average of 61 per cent. The equivalent return on the FTSE All Share with net income reinvested is only 78 per cent. This is an extraordinarily good performance for a cautiously managed fund .

The majority of the assets are invested in equities, with around 36 per cent in the UK and 23 per cent overseas, but the fund also has an exposure to fixed interest, alternative assets, structured products and property investments. The latter are now mainly overseas.

Edwards invests for an absolute return and is prepared to invest in private equity funds and occasionally in unquoted investments when good opportunities arise. He is quite rightly rated AAA by Citywire.

The funds are managed for the longer term with an average expected holding period of three to four years. He chooses different themes at different stages of the economic cycle and within this he has a bias of contrarian value management rather than following the crowd.

He is open-minded and considers all new products and can adapt quickly if circumstances change.

In today’s volatile and rather high stockmarkets, a cautious fund like this is the ideal investment for the elderly, trustees and pension funds as well as for most growth portfolios.

Recommended

Span’s labyrinth

Increasing life expectancy will have an impact on many areas of financial services

Insurers are facing £2.5bn in claims for flood damage

The July floods have so far resulted in 12,000 claims for flood-damaged homes and 3,500 claims for businesses, according to ABI figures.Insurers are currently handling more than 50,000 claims for houses and businesses damaged by the floods in both June and July.The ABI warns that despite insurers’ best efforts, the recovery will inevitably take some […]

Passport - thumbnail

Thinking of expanding overseas?

Whether you’re a small company or an established larger employer, expanding overseas into emerging markets can be an extremely attractive prospect for growing your business. However, with this comes a duty-of-care requirement to any staff based overseas.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com