Cartesian's Hall warns on bias to overseas earnings

Investors are missing opportunities within the UK domestic space by focusing too much on overseas earnings, Ignis Cartesian's Jeremy Hall has warned.

The manager of the long/short £49m Enhanced Alpha fund, which sits in the UK All Companies sector, said too many managers are "sucked in by macro noise" and, as a result, avoid companies in the UK despite the attractive returns on offer. Instead, they are channelling revenues from companies with international links, although Hall believes many of these have unsustainable profit margins. "There are some really good, solid companies in the UK the market has overlooked. It is a case of rolling our sleeves up and finding the right stocks and we are unashamedly traditional in our approach....