Fund Manager Focus: Peter Kaye, Melchior

FUND MANAGER FOCUS

Exposure to stocks in the consumer discretionary and technology space has propelled the Melchior North American Opportunities fund to the top of the sector over the past year.

After a difficult 2008, the fund manager’s overweight positions in stocks such as Netflix and Crocs have made the fund first in its sector over three months, second over a year and top quartile over three years. Richard Jones, head of sales and partner at Dalton Strategic Partnership (DSP), said: “When you look at the performance of the S&P 1500 for 2010, the best three performing stocks were Netflix, Crocs and Riverbed Technology. All three were in the fund. “Crocs was bought in January 2010 while the other two were bought in 2009, so we owned them for the whole of 2010.” Peter Ka...