Mark Slater to launch recovery fund in March

Mark Slater, former manager of Legg Mason Slater Growth, is to launch the MFM Slater Recovery fund on 10 March. The fund, which was first reported by Investment Week in October, had been delayed but Slater now sees enough opportunities in the market to justify a launch. He said: 'We delayed until we felt there was compelling value in the market. We are not attempting to time the market as a whole but we think there are now sufficient opportunities where companies have seen the worst.' He added the situation in the market now is analogous to 2000 when it was peaking. Slater said: '...