Threadneedle Launches US Contrarian Fund

Oct 18 2011 | 8:33am ET

UK-based asset manager Threadneedle has launched its US Contrarian Core Equities Fund, a Luxembourg SICAV vehicle managed by Guy W. Pope, managing director and senior portfolio manager at Columbia Management.

The fund will employ the same strategy as the US$1.6 billion Columbia Management Contrarian Core Fund, which focuses on out-of-favor income and growth stocks. Pope and associate portfolio manager Harvey Liu use a proprietary screening method to find large cap US stocks in the bottom third of their 52-week price range. They then research these stocks, identifying situations where price undervalues the company.

Said Pope in a statement: “This fund is all about pessimism—we are looking for thos companies that have fallen out of favor due to undue pessimism about their future. By taking abottom-up approach to finding these stocks we can identify those unfavred companies withthe best upside potential in order to generate alpha for clients. In the current market, manystocks are trading within the bottom third of their 52-week price range and so I currently have a very large universe in which to invest and we are uncovering some very good opportunities.

“I’m delighted to be bringing my investment strategy, which I have been running for seven years, to Europe, the UK and Asia through the Threadneedle Luxembourg SICAV.”


In Depth

Q&A: Sancus Capital And The Disruption Of The CLO Market

Oct 5 2017 | 6:28pm ET

Traditional collateralized loan obligation (CLO) funds in the U.S. market can offer...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Finding Success as Alternatives Converge

Oct 9 2017 | 4:00pm ET

Rising interest among institutional investors over the past several years has led...

 

From the current issue of