JO Hambro Capital's Savvides has widely been tipped as manager to watch and he regained his AA rating this month, after slipping to a still respectable A rating in December.
His style favouring ‘unloved’ UK companies has seen him take something of a contrarian overweight stance in UK financials. ‘It’s a good environment for financials and banks. They are trying to become more efficient in the new regulatory environment and we think that this theme has not yet played out,' Savvides says.
The fund’s exposure to financials such as 3i and the London Stock Exchange illustrates Savvides’ conviction, along with his belief that there is a current rise in risk appetite. ‘The early signs that the stock market is starting to wake up and rise in volume’.
His fund has returned 49% since its launch in 2008 and Savvides has outperformed average manager in his peer group by more than 10%. He does not attribute this performance to any one thing, citing his well-honed process for the consistency.
Savvides offers a measured view on the appointment of Mark Carney as the new governor of the Bank of England. ‘I have no strong opinion on Carney, it’s too early. However, when we look to invest into a company, we see change of personnel as a positive. I hope and expect him to bring a fresh, consistent and common sensual approach’.
With former Bank of England deputy governor for financial stability Sir John Gieve scheduled to take the stage at the Conference, the appointment of Carney will no doubt be a hotly discussed topic.
Savvides joins a range of managers speaking at the Conference, but stands unique in his exposure to the UK market. The full line-up includes:
Brett Diment: Aberdeen
Arif Joshi: Lazard Asset Management
Greg Saichin: Pioneer investments
Robert Hackney: Amundi
Christopher Higham: Aviva Investors
Charles Zerah: Carmignac
Tony Adams: First State
Ariel Bezalel: Jupiter
Stephen Snowden: Kames
Christine Johnson: Old Mutual Asset Managers
Mansfield Mok: EFG Asset Management,
Jonathan Pines: Hermes
Robert Horrocks: Matthews Asia
Richard Nackenson: Neuberger Berman
Thomas Moore: Standard Life Investments
Matt Jarvis: Legal and General Investments
Sisouphan Tran: BNP Paribas
Michael Mangan: Natixis Global Asset Management
Charles Thomas: Vanguard
The Wealth Manager Conference and Awards is on the 4th and 5th March at the Westminster Plaza. The awards for our Regional stars will be given out during the gala dinner. We are almost at capacity, but if you are interested in attending, please email my colleague Ela Czuruk on email@example.com.