News & Information

We participated in 5 primary opportunities in December – Grainger, Kier and Mercantile Port & Logistics, and added to our existing holdings in Marlowe and Gamma Communications. With markets volatile and declining markedly, we used the luxury of some of our cash balance to add to some of our existing holdings where we felt share… Click to find out more

We invested in two new holdings during the month – Angling Direct and Mears, both raising new money for expansion. Two sub underwriting opportunities arose in Restaurant Group and Grainger. In November, the IFSL RC Brown UK Primary Opportunities Fund returned –1.67% compared with –1.64% for the FTSE All Share and -1.54% for the IA… Click to find out more

Somewhere in the depths of the investment industry is a little known UK equity fund delivering for investors by doing things quite differently. In the three years to the end of September the IFSL RC Brown UK Primary Opportunities fund has returned 51.4%, beating the UK All Companies average of 32.3% by some margin. The… Click to find out more

We invested in a number of new primary opportunities during October. We are often asked what happens with primary opportunities when markets become volatile. The reality is good companies are still able to raise money in difficult market conditions and it can provide us with the opportunity to make purchases at even more attractive prices,… Click to find out more

A busy period for primary opportunities as we would expect at this time of year. The Fund saw strong inflows this month and we were able to deploy this in the primary opportunities that arose, as well as use market weakness to add to our holdings in the larger FTSE names. In September, The IFSL… Click to find out more

In August, The IFSL RC Brown UK Primary Opportunities Fund returned -1.51% compared with -2.76% for the FTSE All Share. A quieter month for the Fund compared with July, which is to be expected during peak holiday season. Nevertheless we still participated in some interesting opportunities – primary placings in Jadestone Energy, IG Design and… Click to find out more

In July, The IFSL RC Brown UK Primary Opportunities Fund returned 1.34% compared with 1.29% for the FTSE All Share. Whilst only a modest outperformance, this was a pleasing return given the out performance of the FTSE 100 compared with the Mid and Small Cap indices, which we are invariably overweight in. An exceptionally busy… Click to find out more

In June, The IFSL RC Brown UK Primary Opportunities Fund returned 0.68% compared with -0.21% for the FTSE All Share. Another busy month for primary opportunities saw us participate in a number of attractive opportunities. We participated in primary placings in The Gym Group and Alliance Pharma and secondary placings in Standard Life Aberdeen, RBS,… Click to find out more

In May, The IFSL RC Brown UK Primary Opportunities Fund returned 2.75% compared with 2.82% for the FTSE All Share. An extremely busy month for primary opportunities saw us participate in a number of attractive opportunities. We participated in placings in Zotefoams, Dairy Crest and Capita along with secondary placings in Charter Court Financial Services,… Click to find out more

In April, IFSL RC Brown UK Primary Opportunities returned 5.47% compared with 6.43% for the FTSE All Share. We participated in a placing in Primary Health Properties, rump placings in Galliford Try and Provident Financial and secondary sell downs in Ten Entertainment Group and Curtis Banks. We also took the opportunity to add to our… Click to find out more

Oliver Brown, lead fund manager, answers questions such as ‘How does the IFSL RC Brown UK Primary Opportunities fund operate?’, ‘How many IPOs are you looking at per year? What do you look for in prospective companies?’, ‘How long has R.C. Brown been investing in this way?, ‘How do you screen for those opportunities and… Click to find out more

Primary opportunities – buying shares in a company at the point it is raising money – are a compelling proposition for advisers looking to diversify their clients equity portfolios and cushion them against market volatility. ‘Companies raise money for a number of reasons – it may be to make an acquisition, increase research and development,… Click to find out more