Cavendish looks to Japan

Boutique managers feel crisis exposed a lot of scepticism over financial instruments

The UK remains boutique manager Cavendish’s favoured equity market but it is also beginning to look at Japan. Cavendish chief executive and Worldwide Retail fund manager, Julian Lewis explains: “We continue to believe equity markets offer substantial long-term value.” “We have begun to look for recovery stocks in Japan, where we believe conditions are right for the re-rating, and have begun to trim overweight positions in Brazil.” Last May, when a lot of firms were cutting back, Cavendish expanded significantly as it switched focus from the discretionary to the retail market by lau...