This is a medium-term fund and not a short-term play

This is a medium-term fund and not a short-term play.”Mr Darwall maintains that his approach to stock selection for his current fund will be the same as it was for Jupiter European IT “I am very keen to do more of the same. The biggest mistake that fund managers can make, after a period of outperformance for a couple of years or so, is to let it go to their heads. They think they can do anything and start following the yield curve and so on, when what they should be doing is sticking to the process that led them to outperform in the first place.”The only aspect that is different is the structure. With the old fund we had the zeros, so the portfolio was already highly geared and I played around with the gearing on top of that. We are not starting with that institutional debt this time, which is another reason we went for a conventional structure, and, as a result, we can gear this time up to 2.5 percentage points cheaper than previously It is not often that you pay less for greater flexibility.”.

‘Tis the season to be jolly. “What, already?” my mother says in undisguised horror when I outline the approaching social grind. “But it isn’t even December.”

‘Tis the season to be jolly. “What, already?” my mother says in undisguised horror when I outline the approaching social grind “But it isn’t even December.”
“No, I know,” I reply “But the banks are desperate to give the best party. So they rush to get in first before their rivals, and before everyone’s bored of Christmas.

That means a flood of parties at the end of November – and then absolutely nothing Daft, isn’t it?”"Madness,” my mother replies. “But I’ve always thought the City was a bit of a strange place, to put it mildly This just confirms it. Anyway, look after yourself – and please don’t drink too much.” I make a soothing noise in reply, and we both hang up.My mother’s plea is a timely one. Alcohol consumption in the City, already not exactly at the 14-units-for-women-21-for-men level at the best of times, heads for the stratosphere during the festive season “You can understand it, though,” Findlay says. “It takes me at least three drinks to feel I might possibly be enjoying myself at these dos – and I can’t be the only one.