Steer explains top performance

He believes his experience as an accountant helps him avoid problem companies and track down those with good earnings visibility and strong cash flow. Steer said he owed his analytical skills to his accountancy experience but also thinks time working on the “sell side” as a broker has proved invaluable too. The fund, which is in the IMA UK All Companies sector, is currently overweight building and construction and has a big position in companies involved in outsourcing as well as defence stocks. It is a far cry from the positioning five years ago when the fund was heavy on niche retailer...