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Thames River tips smaller firms for return to form

Thames River Capital’s multi-manager team says funds focused on mid and small caps are a potential investment opportunity.

Co-head of multi-manager Gary Potter says sectors that have fallen out of favour will come back into fashion.

He says mid and small cap focused funds did well until June 2007 but have fallen to the bottom of the pile since the sector has been hammered.

Potter believes they now represent a long-term opportunity but this does not come without a wealth warning.

He also sees some validity in the trend for Middle East and North Africa funds as he believes these areas to be a fad that could become a theme. However, he is wary of problems posed by a lack of liquidity and choice.

He is also cautious about investing in hard commodities despite his overall view that the bull run in commodities is not about to end.

Potter says: “Oil is a risky position to take because when there is a downturn, demand for oil goes down. High-yield corporate bonds are also too risky. It is too early because the credit crunch is just starting to bite. Corporate bonds have already taken a pasting but good corporate bonds seem to offer some opportunity.”


HSBC loses disc containing 370,000 customers’ details

HSBC has admitted it has lost a disc containing personal details of 370,000 customers after sending it via unregistered mail to Swiss Re. The disc, sent on January 31, contains customers names, dates of birth and health information, but HSBC says it does not include any address or bank account details. The disc is password […]

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