Brown Shipley plans to substantially grow the size of its Solus Sterling Bond fund, backed by manager Kevin Doran's conviction that the fallout from the credit crisis has uncovered tremendous opportunities for fixed interest investment.
Since Doran took over running of the fund in September 2001, it has grown from £16m under management to around £75m at present. However, the firm aims to grow the fund to £325m within five years, equating to around 1pc market share of the UK Corporate Bond sector. It has embarked on a promotional campaign targeting high net worth investors and fund of funds managers, as well as platform providers. Doran explained that current market conditions are similar to those in 2002/03 with banks now needing to recapitalise their balance sheets in the same way that many companies needed capital fol...
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