View the article online at http://citywire.co.uk/wealth-manager/article/a740407
Aberdeen's Duce replaces £80m Woodford mandate with Carl Stick
by Eleanor Lawrie on Mar 14, 2014 at 14:27
In the three years to the end of January, the fund has returned 42.6%, compared with an average return of 36.2% in the peer group.
'One of the reasons we went into Carl Stick is that he has learnt some lessons from 2008 in the way he has managed position size and risk in his portfolio, and is obsessive about the strength of balance sheets. He is always thinking about the downside,' Duce said.
'The key attraction is his stockpicking ability,' he added, highlight the Rathbone Income's characteristics 'seem closer to Neil Woodford than other funds in that space'.
'Even though he [Stick] has run above average cash levels, he has generated some very good and consistent alpha from stock selection,' Duce said.
Duce is also considering the possibility of adding Rathbone Income fund to his retail portfolios.
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by James Phillipps on Jul 23, 2014 at 14:34