Opportunities for those prepared to goagainst convention

Recovery fund managers have traditionally been regarded by their more conventional colleagues as a breed apart. Not for them the subtle art of closet index tracking or following the crowd by investing in momentum-driven sectors. Indeed, they typically feel more comfortable going against the grain, seeking out undervalued companies that, for various reasons, have encountered problems, suffered neglect or merely become unfashionable for no rational reason. Recovery fund managers require specialist skills and endless patience to find apparently unattractive companies whose superficial ug...