Hargreave: Why it is time to snap up equities

Marlborough's top performing small-cap manager Giles Hargreave has reduced his cash weighting from 10% to 5% to snap up shares trading at distressed valuations.

Hargreave, (pictured), manager of the £513m Marlborough Special Situations fund, has been putting cash to work, in the view share price falls across the board have been overdone during the past three months.  He argued investors have been placing too much emphasis on the doomsday scenario of a disorderly Greece exit. Fears over a potential eurozone break-up have already been largely priced into markets and now is the time to snap up cheap shares, following the FTSE All Share’s 6.3% decline from the end of March to the start of June, he said. “The doom-mongers are painting all kinds...