Bestinvest says
Alister Hibbert has a pragmatic investment style; seeking to adapt and benefit from short term themes, aggressively taking profits & cutting losing stocks, within the structure of his long term views of companies, the market and the economy. Whilst Hibbert has a relatively low level of assets under management we are confident that he is able to continue to implement his investment style successfully and therefore add value within European equities.
The fund aims to produce capital returns above the benchmark the FTSE Europe ex UK through traditional long only investment in European equities.
The manager's style attempts to exploit market anomalies through decisive management of the active positions in the fund on an intraday basis. Hibbert's team are therefore managed to respond to opportunities as they arrive and turnover of the fund will therefore be high typically 150-200%.
The fund will typically have a bias to growth stocks. The manager has historically moved his fund aggressively when he thinks that the conditions justify it and will invest in small cap stocks as he believes that over the long term these parts of the market offer investors higher returns. Hibbert will be able to do this as long as he has reasonably low assets under management. However at any given point positioning will be a function of where the manager sees opportunities.