"Bulls make money, bears make money, pigs get slaughtered"
-
Top U.K. Money Manager Bets Big on Banks With His Own Savings
David Cumming has put his money where his mouth is. And it’s paying off. The head of equities at Standard Life Investments owns a chunk of his firm’s U.K. Equity Recovery Fund, which has gained 35 percent in 2016 and is beating virtually all rivals that focus on British stocks. Key to this year’s success was his timing on backing miners -- he turned bullish on Anglo American Plc and Glencore Plc before they soared 268 percent and 169 percent, respectively. The next big opportunity, he says, lies in banks and insurers. The two industry groups make up about a quarter of his 40 million-pound ($49 million) fund. ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Oct 28, 2016 4:08am Oct 28, 2016 4:08am
- manosk
- Joined Nov 2014 | Status: Very Important Member | 115 Comments
- Comment #2
- Quote
- Oct 28, 2016 5:21am Oct 28, 2016 5:21am
- Aussi
- Joined Sep 2013 | Status: Member | 4049 Comments | Online Now
IF,BUT,MAYBE,WHEN IT GETS TO, WAITING FOR
- Comment #3
- Quote
- Oct 28, 2016 6:05am Oct 28, 2016 6:05am
- manosk
- Joined Nov 2014 | Status: Very Important Member | 115 Comments
"Bulls make money, bears make money, pigs get slaughtered"
- Comment #4
- Quote
- Oct 28, 2016 6:31am Oct 28, 2016 6:31am
- waxcrayon
- | Joined Jun 2014 | Status: Member | 8 Comments
- Comment #5
- Quote
- Oct 28, 2016 7:10am Oct 28, 2016 7:10am
- Pleiadian
- | Joined Oct 2009 | Status: Member | 595 Comments
Don't wait for the wind, take to the oars.