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Overview

We are long term, active UK equity stock pickers. As traditional UK equity investors we adopt a common-sense approach in what we do – long only, profitable, UK listed, direct equity investment. Our rigorous fundamental research process enables us to identify the very best opportunities within the universe whilst keeping the spotlight on balance sheet quality, business model sustainability and valuation. We apply a naturally sceptical approach to our asset valuation process, maintaining awareness of the bear case scenario and the impact to investor returns. With no intentional style bias our portfolios offer high quality exposure across the capitalization spectrum managed in a collaborative environment from the heart of Leeds, UK.

Our UK Opportunities portfolios are aligned to the same overarching common-sense philosophy applied across the team. We believe that high quality UK companies generating sustainable cash flows and trading on reasonable multiples offer significant potential to outperform the broader market over the long-term.

The UK Opportunities strategy is an All Share, all-weather offering. With a focus on capital preservation, we find the best opportunities in defensive blue-chip stocks consequently resulting in an overweight to those listed on the FTSE 100 index. We favour companies that have demonstrated long-term resilience throughout the entire business cycle, typically supported by strong brands and durable cash flows. Conversely, we try to steer clear of companies whose earnings are excessively sensitive to the economic backdrop as we look to generate consistent and reliable total shareholder returns.

Key Information

To grow in value by more than the FTSE All-Share Index, from a combination of income and investment growth over a three to five-year period after all fees and costs are deducted.

Portfolio characteristics UK Opportunities
Objective Long-Term Growth
Asset Class Equities
StyleCore / Quality
Investable UniverseUK listed shares
Benchmark FTSE All-Share Index
AllocationUK listed shares
Market capitalisation All-cap with a large cap bias
Number of stocks 30-50
Portfolio turnover 20-40%
Inception  September 2001

  • "With a focus on capital preservation, we find the best opportunities in defensive blue-chip stocks."

Why Invest in UK Opportunities

Heritage

Pragmatic investors

We like to keep things simple. With a sole focus on long only, profitable, UK listed, direct equity investment, we can evade futile distractions

Heritage

Quality bedrock

We keep the spotlight on balance sheet and business model resilience, constructing reasonably valued core portfolios comprised of quality companies listed in the UK

Heritage

Culture of collaboration

Our close-knit team champion a collaborative desk-based environment from the heart of Leeds, where we have been managing concentrated UK equity portfolios for over two decades


Investment Team

Richard Bullas

Job title
Co-Head, UK Equities (Small & Mid Cap)
Experience
24 years
Ben Russon

Ben Russon

Job title
Co-Head, UK Equities (Large Cap)
Experience
24 years
Dan Green

Dan Green

Job title
Portfolio Manager & Research Analyst
Experience
14 years

Marcus Tregoning

Job title
Portfolio Manager & Research Analyst
Experience
18 years

Will Bradwell

Job title
Portfolio Manager & Research Analyst
Experience
12 years
Jo Rands

Jo Rands

Job title
Portfolio Manager & Research Analyst
Experience
19 years
Courtney Westcar

Courtney Westcarr

Job title
Research Analyst
Experience
8 years

Our Capabilities

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