Bestinvest says
This fund offers exposure to a core portfolio of UK equities. Four Capital Partners are a relatively new investment boutique built around three investment professionals who previously worked alongside each other at a major UK investment house. The team focus solely on UK equities and Active fund aims to add value over a market cycle.
Stocks maybe selected from across the FTSE All Share. Whilst there are no formal tracking error guidelines this is monitored and is expected to be in the range of 2-5% relative to the FTSE All Share. The investment style is pragmatic and will include a combination of core and shorter term tactical ideas. There is no perscriptive weighting between the 2, although they expect the latter to account for 30% on average.
The fund is run on a team basis with inclusion determined by majority decision.
Ideas are sourced from the sell side and industry contacts, the process also uses a stock scoring system using on quality, valuation and momentum metrics to highlight potential stock ideas. The team adopt a common sense approach to application of risk, as opposed to imposing formal restrictions on sector and stock weightings. The fund may use derivatives for efficient portfolio management purposes only.