Investec looks to avoid company visits

Investec UK manager Jeremy Rigg is so confident with the rating system he has built for judging equities that he rarely makes company visits. Rigg, who has run the Investec UK Blue Chip fund for just over three years, says he can hardly remember the last time he visited a company. Last month, S&P gave the fund an AA rating and assets under management now stand at £51m, in part because the Hargreaves Lansdown UK performance fund was merged into it in May this year. Over three years to 6 June, the fund is ranked 32 out of 245 companies in the UK All Companies sector, delivering returns ...