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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 Manager’s Focus 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 Manager’s Focus strategy can be considered our shop window – a team-based approach managed by the lead portfolio managers on the UK Opportunities, UK Equity Income, UK Mid Cap and UK Smaller Companies strategies. A showcase of our highest conviction ideas across the core portfolios, the multi-sleeve approach is facilitated by leveraging expertise across the suite of experienced portfolio managers and analysts. Maintaining responsibility for 25% of the portfolio each, the team collaborates to construct a uniquely diverse core, all cap UK offering.

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 Manager's Focus
Objective Long-Term Growth
Asset Class Equities
StyleCore
Investable UniverseUK
Benchmark FTSE All-Share Index
Allocation UK listed shares
Market capitalisation All-cap
Number of stocks 30-50
Portfolio turnover 20-40%
Inception  September 2006

  • "A showcase of our highest conviction ideas, the multi-sleeve approach is facilitated by leveraging expertise across the suite of core portfolios"

Why Invest in UK Manager's Focus

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)
Ben Russon

Ben Russon

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

Dan Green

Job title
Portfolio Manager & Research Analyst

Marcus Tregoning

Job title
Portfolio Manager & Research Analyst

Will Bradwell

Job title
Portfolio Manager & Research Analyst
Jo Rands

Jo Rands

Job title
Portfolio Manager & Research Analyst
Courtney Westcar

Courtney Westcarr

Job title
Research Analyst

Our Capabilities