Wright runs Japan small cap portfolio

Former Foreign & Colonial fund manager Ian Wright has now launched an offshore fund through investment boutique Morant Wright, writes Jenne Mannion. The MW Japan Fund will contain some 50 holdings equally weighted, aimed mainly at the Japan small and mid cap universe. Wright will run the portfolio along with Stephen Morant, head of Japan equities at Cazenove & Co until his departure earlier this year. Wright said: "If a holding gets to 5%-7.5% of the portfolio, it will be reduced as a means of controlling risk in the fund." The portfolio will operate without a benchmark, focusing on comp...