ALPHA SIGHT: FUNDAMENTALS TO THE FORE AS MACRO FEARS EASE

Over the last few weeks all the noise and talk has been about Greece, and we have got very little to add on that. We did not know what the outcome would be and we did not know what the market reaction would be after the outcome, so we have not really changed the portfolios at all. And I think we have had the three big macro concerns of the Chinese stock market, the Greek crisis and the Fed tightening. These all seem to slowly be getting a little bit of clarity, and for us this is very exciting because it means it is now time to focus on fundamentals.

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ALPHA SIGHT: WHY WE DEPLOYED CASH AFTER RECENT UK SELL-OFF

June was obviously a very difficult month for UK equity markets, with the FTSE All Share down nearly 6%. We were fortunate in our portfolio to be holding quite a lot of cash going into the month. So the big question now is whether it is time to deploy that cash and buy back into the market, or whether it is time to hunker down and protect capital for a little bit longer.

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INVESTMENT EUROPE: US FRACKING FOR A UK STOCK PICKER?

We are often asked how much value we really get from meeting with companies face to face that you can’t achieve by reading a conference call transcript or annual report. I have had an even more sceptical response to my trip to New York, Chicago and Houston. What possible value could a UK investor garner from meeting with businesses in America?

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