Rensburg Fund Management launched a UK best ideas fund on September 1, which has already attracted over £50m. It is called the Rensburg UK Manager’s focus trust.
Each of the four UK managers chooses the 10 best stocks they believe will perform well, except Stuart Sharp, who chooses 20 stocks in the UK smaller companies sector.
The top manager at the firm is Mark Hall, whose existing fund, Rensburg UK select growth, has been in the top decile over two, three and four years and is around 88 per cent up over three years to the November 1, 2006.
Stuart Sharp has returned nearly as good results with his UK micro-cap growth trust being up by nearly 70 per cent over the same period.
Mark Hall will choose from the whole of the UK market and the other two fund managers, Colin Morton and Paul Spencer, will choose 10 FTSE 100 companies and 10 UK mid-250 companies respectively.
Each manager will look after 25 per cent of the portfolio. Colin Morton has in the past won awards for his UK equity income fund.
Paul Spencer, who will manage the mid-cap sector, joined Rensburg in February and was formerly with TD Waterhouse, where he was head of research specialising in small and mid-cap investment analysis.
Mark Hall is at present invested mainly in small caps because many of the fund of fund managers are taking money out of the small-cap sector, which has depressed the prices of some good shares which are now excellent value.
The fund is at present underweight in financials and oil and gas and overweight in support services and consumer services such as the media, travel and leisure stocks. This is an ideal investment for trustees and for all growth portfolios.