Bestinvest says
Chris Rice is a business cycle investor who puts his company investments into his top down view. This is not to say that Rice doesn't have extensive stock knowledge, rather that this is the framework through which he manages money. He is therefore beholden to getting this view right and over the extended period of his career he has been largely successful. The process was developed whilst Rice ran a fund with a similar mandate at HSBC.
This is a core European fund run by Chris Rice an experienced European manager.
The investment approach combines stock picking within a top-down framework. Sustainable competitive advantage is the key criterion for selecting companies and business cycle timing is used to determine sector weightings. The fund also seeks to exploit valuation anomalies. Chris Rice and team built up a strong reputation and performance record whilst managing a similarly mandated fund for HSBC. The process remains unchanged. Rice is also responsible for running the Pan European equity team at Cazenove.