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Star multi-manager adds Walewski to line-up

Star multi-manager adds Walewski to line-up

Multi-manager specialist Lee Freeman-Shor (pictured) has recruited Alken’s Nicolas Walewski to his European Best Ideas fund as part of wider changes to the strategy.

Euro Stars A-rated Freeman-Shor has removed two managers from the Old Mutual European Best Ideas fund as he seeks to move to a more pronounced value/growth tilt.

As revealed by Citywire Global earlier this year, Freeman-Shor had been on the look-out for a value specialist to add to his fund, which is made up of 10 European equity managers running 10-stock portfolios.

Paris-based Walewski will now sit in the value bucket alongside fellow French boutique managers Marc Renaud of Mandarine Gestion and Damien Lanternier of Finance L’Echiqiuer.

This is as well as London-based value investment duo James Inglis-Jones of Liontrust and Odey Asset Management’s Crispin Odey.

The addition of value specialist Walewski comes as Freeman-Shor opted to remove Jupiter’s Cedric de Fonclare and Newton’s Rajesh Shant from the line-up.

Freeman-Shor said the decision to cut de Fonclare was prompted by the fund’s current bias towards quality growth, which he was seeking to dilute.
In addition, Shant was axed due to his stock selections often over-lapping with other managers already in the fund.

He retains exposure to European growth stocks through Wellington Capital Management’s Dirk Enderlein, BlackRock’s Richard Plackett and Dan Nickols of Old Mutual.

The Old Mutual European Best Ideas fund has returned 35.62% over the three years to the end of July. This compares to a 29.05% rise by its Citywire benchmark, the FTSE World Europe TR EUR.

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Related Fund Managers

James Inglis-Jones
James Inglis-Jones
168/220 in Equity - European Small & Medium Companies (Performance over 1 year) Average Total Return: 2.13%
Damien Lanternier
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351/354 in Equity - EuroZone (Performance over 3 months) Average Total Return: -5.37%
Daniel Nickols
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14/56 in Equity - UK Smaller Companies (Performance over 3 years) Average Total Return: 62.22%
Lee Freeman-Shor
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280/614 in Equity - Europe (Performance over 3 years) Average Total Return: 4.13%
Nicolas Walewski
Nicolas Walewski
114/614 in Equity - Europe (Performance over 3 years) Average Total Return: 10.56%
Crispin Odey
Crispin Odey
582/614 in Equity - Europe (Performance over 3 years) Average Total Return: -7.85%
Marc Renaud
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432/614 in Equity - Europe (Performance over 3 years) Average Total Return: 0.34%
Cedric de Fonclare
Cedric de Fonclare
461/614 in Equity - Europe (Performance over 3 years) Average Total Return: -0.61%
Richard Plackett
Richard Plackett
Rajesh Shant
Rajesh Shant
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