Penny believes structure of fund helps him concentrate his mind on creating alpha
Ranked first out of 275 vehicles in the IMA UK All Companies sector over three years to 12 October Richard Penny’s £45.3m L&G’s UK Alpha is up 48.1% against an average decrease of 5.7% according to Morningstar. Over one year the fund is up 68% against an average 32.2% increase. Penny has managed the fund since launch in May 2005. What is your investment strategy? The investment strategy is capital gains. We invest in UK-listed securities and it is basically a barbell approach where we try to find deep value and strong growth ideas. More recently we have been majoring on the deep va...
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