M&G Recovery Fund
Tom Dobell
Fund Manager: Tom Dobell
Funds Managed: M&G Recovery Fund
The Fund predominantly invests in a diversified range of securities issued by companies which are out of favour, in difficulty or whose future prospects are not fully recognised by the market. The sole aim of the Fund is capital growth. There is no particular income yield target.
The M&G Recovery Fund focuses on troubled companies where a good management team is making concerted efforts to turn the business around. The fund manager seeks opportunities from across the UK stockmarket and the portfolio aims to contain a wide and interesting mix of companies. The fund manager seeks to identify stocks whose share prices have fallen well below their true worth, rendering them good value. He is prepared to take a contrarian view and consider areas that are out of favour among investors. These can include restructuring stories, special situations and the seeking out of hidden value. The fund manager takes a flexible and pragmatic approach to stocks and aims to have a holding period of between three and five years, possibly longer where ongoing potential is identified. Company meetings and visits, as well as internal and external research, are used to identify stocks for inclusion in the portfolio.
Tom Dobell joined M&G in 1992 as a UK equity manager on the segregated pension fund desk where he was responsible for managing assets for 16 pension fund clients. In March 2000, Tom became fund manager of the M&G Recovery Fund. Before joining M&G, he worked for Phillips & Drew (PDFM) as a fund manager within the charity and small pension fund division. Tom graduated from agricultural college in 1986.
For more information on this fund please contact us.
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