Bestinvest says
Fund manager Andrew Green has developed his own bespoke style, characterised by contrarian investing. He identifies ideas that have yet to be discovered by the market and therefore tends to be early into some stocks. Green is a highly experienced manager, and although his approach can be considered as risky relative to the market, it has led to superior long term outperformance. Whilst we like the manager's investment style we caution that this fund should not be considered core, but as a diversifier within the context of a larger portfolio, given its potential for being out of tune with the market during prolonged periods.
Investing primarily within the UK, fund manager Andrew Green makes full use of the fund's ability to invest overseas. Following a bespoke contrarian style, Green targets value that he considers has been ignored by the market for one reason or another. Catalysts are identified that could change the market's view towards the stock, such as management change, a cut in dividend or the disposal of assets. Stocks are valued using traditional methods with thirty year figures used to improve market timing.
Green controls risk through having a large number of holdings and taking small initial positions. These small positions allow the manager to monitor the situation and have the advantage that if they fail to perform their effect on performance is limited. If they do begin to show promise the position will be increased.