Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Gervais Williams: the real reason to worry about Quindell

Citywire AA-rated manager Gervais Williams has argued that sentiment is the true danger to Quindell.

Williams noted that the processor of insurance claims – which has been attacked by short sellers, including Gotham City Research – is performing well in its underlying business.

Indeed, today Quindell revealed that in the first half of the year its gross sales had surged by 118% to £364 million and pre-tax profit by 292% to £154 million.

Williams instead expressed concern that Quindell – from which he has enjoyed a strong share price appreciation since initially buying in – could suffer if its clients start to worry about the bear raiders.

The veteran investor ranks second in the Citywire UK Smaller Companies sector over the past three years, returning 76.9% compared with a peer group average of 49%.

His Diverse Income Trust tops its UK Growth & Income category over the same period, generating 91.9% in net asset value terms.

Despite this exceptional run, Williams believes that we are only ‘in the foothills of a long period of small cap outperformance’.

He also shares some of his favoured stock picks, including some ‘desperately cheap’ new issues.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Dispelling the sustainable investing myths

Dispelling the sustainable investing myths

There's a bit of a buzz around sustainable investing at the moment. We speak to three wealth managers to find out what they think.

Play Inside ETFs: positioning for the Fed rate rise

Inside ETFs: positioning for the Fed rate rise

Natalie Fast discusses how investors are using ETFs to position for a rate rise with guests Irene Bauer from Twenty20  Investments and Markit's Simon Colvin.

Play Wealth Manager Retreat: video highlights

Wealth Manager Retreat: video highlights

The UK's leading wealth management talent gathered at our annual event at the Grove celebrate the best in private client portfolio management.

Wealth Manager on Twitter