View more on these topics

Simply the best

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.


ScotLife to offer Sipp with tiered charges

Scottish Life is poised to enter into the Sipp market, promising that, unlike rival offerings, customers will only pay for what they need.The product, which laun-ches on December 4, is effectively built on top of the firm’s individual personal pension product, which has been rebranded the pension portfolio.The Sipp operates a twotiered charging structure – […]

Correspondent’s Week

This week by Simoney Girard, managing editor for a range of financial magazines.People who know me think I am cheerful and nice. Well, I am not. I am a pessimist. I expect the worst to happen to me so, when it does, I can feign sang froid and make like I ain’t bovvered.Here I am […]

Close is first with instant BTL offers

Close Mortgages has become the first lender to launch instant offers on buy-to-let properties.It will offer the facility to remortgaging customers initially as the technology is not yet available on BTL property purchases.It is using automated valuation model specialist Hometrack to value the property and will use the assured shorthold tenancy agreement which should already […]


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