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magazine7.9%: Investment trust’s big bet on Sports Direct
Aurora Investment Trust (ARR) is taking a hefty bet that the market is too pessimistic with regards to Sports Direct (SPD). The troubled retailer now accounts for nearly 8% of Aurora’s portfolio and is its fourth largest holding.
The trust is run by Phoenix Asset Management which likes to go big when it sees an investment opportunity.
‘Phoenix’s contrarian value approach is reflected in the fact that a stock will never be purchased at a price above the team’s estimate of the company’s intrinsic value under the worst feasible outcome,’ says financial services group Winterflood.
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Issue contents
Big News
Editor's View
Funds
Great Ideas
Great Ideas Update
Investment Trusts
Larger Companies
Main Feature
Smaller Companies
Story In Numbers
- UK Pharma & Biotech Stocks
- AIM Stocks Ranking
- Esure escapes Ogden damage
- 3-month low: Oil slips as US activity ramps up
- 7.9%: Investment trust’s big bet on Sports Direct
- 76%: Percentage of money going into European tech firms by US and Asian investors
- 25%: Ramsdens on the rise
- 500 tonnes: Morrisons is in good shape
