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

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR