Hendersons opts for less style-conscious strategy

Since taking over the Henderson UK Capital Growth fund in February 2001, Richard Prew has structured it as a portfolio for all market conditions. In February 2001 he inherited a 115-stock large-cap growth portfolio with 35% exposure to tech, media and telecoms, almost a year after the new economy bubble had burst. It now has 67 stocks and he describes the portfolio as far less style conscious than it was. Prew's first job was to reduce the number of stocks he held in each sector down to those he really valued. Then he reduced the large-cap element so that the primary aim of his...