News & Information

Oliver Brown, co-manager of RC Brown’s IFSL RC Brown UK Primary Opportunities fund, has added nine new positions to his portfolio in the last four weeks amid an investment backdrop he likens to 2009. www.investmentweek.co.uk/interview/4014572/rc-brown-brown-snaps-share-issuances-amid-2009-style-opportunity-set

These are indeed unusual and unprecedented times. Following the sharpest market falls in history in March, we have seen some recovery in April as markets start to look forward to economies beginning to re-open after lockdown. There is no doubt that lockdown measures will be eased gradually and the recovery will take time. It is… Click to find out more

March market meltdown, where do we start? Firstly, some facts – this was the fastest market move into bear territory in history, (a fall of greater than 20% from peak), taking just three weeks. The reason is financial markets simply do not know how to price in the potential for global economic lock down for… Click to find out more

We participated in four primary opportunities in the month – Midwich raised new money for acquisition purposes, whilst there were secondary sell downs in Wizz Air, Hargreaves Lansdown and Gateley. In February, the IFSL RC Brown UK Primary Opportunities fund returned -8.68% compared with –8.89% for the FTSE All Share and -9.30% for the IA… Click to find out more

We participated in one primary opportunity – IG Design raised money to acquire a US business in what is anticipated to be a materially earnings enhancing deal. In January, the IFSL RC Brown UK Primary Opportunities fund returned -1.51% compared with –3.25% for the FTSE All Share and -2.40% for the IA UK All Companies… Click to find out more

We participated in three primary opportunities – we added to our holding in Creo Medical as it raised fresh capital, whilst small caps MJ Hudson and Pebble Group made their market debuts following successful IPO’s. Markets and sterling rallied hard as any concerns over a Corbyn led socialist government were blown away by a sizeable… Click to find out more

Lots has been written on the election results’ impact and potential impact for UK equities. We do not propose to compete with these other than to concur that an end to uncertainty over the UK’s relationship with the EU and an expected striking of a trade deal with the EU are positive for UK equities,… Click to find out more

We participated in eight primary opportunities – Bovis Homes and Brooks Macdonald raised fresh capital whilst there were secondary sell downs in Breedon, SCS, Trainline, Network International, Team17 and Future. With markets showing some signs of nervousness over global trade wars and a UK general election, we are seeing larger discounts than usual being offered… Click to find out more

We participated in five primary opportunities – Duke Royalty, 3i Infrastructure, Sigmaroc and WH Smith raised new capital whilst there was a secondary sell down in IntegraFin. In October, the IFSL RC Brown UK Primary Opportunities Fund returned -0.91% compared with -1.40% for the FTSE All Share and -0.28% for the IA UK All Companies… Click to find out more

We participated in five primary opportunities – Primary Health Properties raised new capital whilst there were secondary sell downs in Network International, Motorpoint, Trainline and IP Group, the latter being our third purchase from Woodford Investment Management in the past few months. We also took advantage of the sharp rebound in sterling and bond yields… Click to find out more

We participated in two primary opportunities – Equals Group raised money and Brickability made its market debut at IPO. In August, the IFSL RC Brown UK Primary Opportunities Fund returned -4.36% compared with -3.57% for the FTSE All Share and -3.30% for the IA UK All Companies Sector. Our underweight position in the Mid Cap… Click to find out more

Investors have ditched ‘unloved’ smaller companies for private equity or bond proxies. High profile fund managers and buyers have questioned why some multi-asset funds have up to 20% in private equity in order to diversify portfolios when better value appears to exist at the bottom end of public markets. Speaking at a recent Merian Global… Click to find out more