Fund Manager Focus: Veritas' Richardson on his top calls

FMF

The Veritas Global Equity Income fund was one of the first funds of its kind to launch in the UK in 2005, about a year after The Real Return Group and Veritas Asset Management merged.

The fund is the second largest in the sector at £1.8bn and has built up an impressive track record. Over five years, it has returned 43.2%, beating the 7.5% IMA Global Equity Income sector average. Here founding partner and manager of the fund, Charles Richardson explains the investment process he built with co-manager Andy Headley that has helped him outperform, why he is happy to hold plenty of cash, and how he is using energy stocks as an inflation hedge. Which calls have helped you outperform the sector? In running the Global Equity Income fund, we are always pursuing a total r...