A market rotation from growth into value needs to come around quickly if the team is to go the distance.
Whitechurch Securities’ managing director Gavin Haynes has ruled out investing in Sanditon until performance improves, despite the team’s strong track record.
“Although we like the boutique culture and hold the managers in high regard, we have not invested to date,” Haynes explains.
“They would need to see a turnaround in performance if they are going to attract assets in a very competitive environment for active managers in UK and Europe.”
With Tyer strongly defending the four funds, the team’s hope for the future is clearly strong given its ongoing commitment to the ‘business cycle’ strategy.
But for the sake of its investors whose savings depend on this fabled method, perhaps the market could decide to turn sooner, rather than later?
Ultimately, the future of Sanditon seems heavily balanced on how long the market takes to run its course, until then the firm’s report card will continue to read, in the words of Yearsley, “poor to average”.
