Rosemary Banyard Fund Manager of the VT Downing Unique Opportunities Fund speaks to Adam Lewis.
In this video, you’ll find out:
- Why Rosemary chose Downing to house her latest fund (0:24)
- What a unique opportunity means to Rosemary (1:20)
- Rosemary’s investment process (2:20)
- How does Rosemary deal with liquidity (3:28)
- How many companies are in the portfolio (4:31)
- A deep dive into a stock in the portfolio (5:27)
Click here for more information on Rosemary’s investment strategy.
Rosemary Banyard has over 25 years’ experience focusing on UK small and mid-cap companies. Her latest fund focuses on 25-40 companies that are unique, defined as a UK company that has superior returns – an above average return on equity and a clear sustainable competitive advantage.
Rosemary began her career with James Capel & Co where she was a senior investment analyst for 12 years before becoming a fund manager at AIB Govett.
Rosemary rose to prominence and developed a reputation as one of the leading female fund managers in the UK when she joined Schroders (LSE:SDR) (LSE:SDR) in 1997. For almost 20 years, she was known for running the acclaimed Schroder UK Smaller Companies Fund with Andy Brough, and was for many years lead manager of the award-winning Schroder Mid Cap Fund plc, as well as heading up several other segregated UK equity mandates, managing total assets of around £1 billion.
In 2016, Rosemary joined Sanford DeLand to launch and manage the Free Spirit Fund. The Schroder UK Mid Cap Fund plc returned 17%* per annum while Rosemary was manager and in her two and a half years managing money at Sanford DeLand the Free Spirit Fund returned 31%**. The VT Downing Unique Opportunities Fund is an evolution of these previous funds.
* Schroder UK Mid Cap Fund Plc, Annual Reports & Accounts 2015.
** Financial Express as at 28 June 2019.
Click here to find out more about Rosemary’s investment approach which has evolved over the last 25 years.