Mark Barnett resurfaces at Tellworth – AJ Bell comment

by | Apr 12, 2021

Ryan Hughes, head of active portfolios at AJ Bell, comments:

“News that Mark Barnett is resurfacing at Tellworth will no doubt surprise a few people but it presents an interesting opportunity for Barnett to rebuild his reputation after the torrid last few years he had at Invesco. Paul Marriage and John Warren, who set up Tellworth, are shrewd investors and will no doubt see the opportunity to work alongside someone as experienced as Barnett as one that has the potential to really help grow the business from the strong start it has had in its initial focus on smaller companies and then taking on the Sanditon funds.

“For Barnett, this is the opportunity for him to prove he still has the ability to deliver strong UK equity returns for investors without the shadow of his previous roles hanging over him. Taking on the funds at Invesco formerly managed by Neil Woodford was always going to be a difficult challenge for anyone and perhaps inevitably it played out that way, although I’m sure Barnett will admit that he made some mistakes along the way too. The opportunity now, to start with a blank sheet of paper, no legacy holdings and no unquoted companies that couldn’t be sold will no doubt be an exciting one. With attention once again building in UK equities and particularly those paying dividends, it will be interesting to see the shape of the portfolio and how Barnett settles into working in a focused boutique manager rather than the asset management giant that was Invesco.”

 

 

Related articles

Argentina devalues peso, slashes public spending

Argentina devalues peso, slashes public spending

(Sharecast News) - Argentina's new hard-right government has devalued its currency by more than half in its first package of economic measures that include slashing public spending. The plans, unveiled by economy minister Luis Caputo in a televised address, also...

OPEC+ agrees to cut output by a further 1m barrels a day

OPEC+ agrees to cut output by a further 1m barrels a day

(Sharecast News) - OPEC+ members have reportedly agreed to cut oil production by a further one million barrels a day. In an online meeting, the cartel of oil producing nations- led by Saudi Arabic - said the production cuts would begin early next year. According to...

Gold and oil prices jump on geopolitical unrest

Gold and oil prices jump on geopolitical unrest

(Sharecast News) - Commodity prices continued to rise on Friday, as tensions escalated across the Middle East. Gold, traditionally seen as a safe haven asset, pushed past $1,980 an ounce, with Comex gold futures adding nearly 1% at $1,980.60, the highest since May....

Trending stories

Join our mailing list

Subscribe to our mailing list to receive regular updates!

x