First State British to be Lygo's flagship portfolio

Professional Adviser
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Head of UK Equities Derek lygo has reorganised the UK Equity investment process

First State Investment's head of UK equities, Derek Lygo, has reorganised the group's investment process and restructured the portfolios of its British and All Companies funds. The £24.4m British fund, being run as an aggressive mid to large cap portfolio by Lygo, is to be renamed British Opportunities. It is now a special situations type vehicle with a relatively concentrated portfolio, typically with 40-60 stocks. Since Lygo joined the group from Dresdner RCM earlier this year, he has set up three overall templates with different levels of risk that the funds and the group's clients ...

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