Bestinvest says
This fund has experienced a number of manager changes in recent years, the most recent of which occurred in June 2009. At this point the fund's previous manager, Hugh Grieves, left the fund and this followed the acquisition of Societe Generale Asset Management by GLG Partners, who put in place their own existing technology specialists. Whilst the latest team have so far provided positive relative returns, there joint record is still relatively short and therefore at this stage we are not considering the fund for a rating.
To achieve their objectives the management team apply a bottom up (analyse investments ion their own right) approach to selecting technology stocks. However, stocks are generally selected within the framework of the next "wave" of innovation within typically the technology, media and telecommunications industries. Therefore the managers spend a lot of time trying to identify and confirm where this may be. This process combines company visits, proprietary research, meeting key industry experts and analysis of industry information to highlight key areas of changes in demand, supply and the competitive landscape. Favoured companies tend to have the following attributes: undervalued share prices, management ownership, low liquidity risk and positive share price momentum.