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Buy side response to market mayhem

Comments (0) | 27 Sep 2011 | Rating Rating (-1 to +1): 0.0

John Pennink, fund manager at British Empire Securities, searches for value in today’s fearful markets

John Pennink, the manager of British Empire Securities, a £725 mn ($1.13 bn) international equity fund, smells fear in the markets. Companies in his portfolio have an average discount of 37 percent, excluding cash – historically a very high number.

It shows investors how much the share price of each ...

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