Patrick Evershed, manager of the New Star Select Opportunities fund, has built up a 14% position in ...
Patrick Evershed, manager of the New Star Select Opportunities fund, has built up a 14% position in China and believes the UK market has thrown up the kinds of valuation that are rarely seen. Evershed said: 'Some of the sell-offs have been so indiscriminate they have thrown up some tremendous bargain basement opportunities for the eagle-eyed investor.' His favoured plays include Lloyd's of London Insurance Companies, as well as healthcare, which makes up 12% of the portfolio.
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