Citywire AA-rated fund manager Mark Slater believes the huge government stimulus in response to the coronavirus pandemic has removed the big opportunities for investors that can arise in a crisis.
The veteran investor in the UK stock market made 35 times his money through an investment in oil services company Cape in the depths of the financial crisis in March 2009.
But the speed and scale of the government response to the impact of Covid-19 on the UK economy meant the window of opportunity for those sorts of distressed investments was much more limited this year, he argues.
As a guest on Citywire’s Funds Fanatic podcast, Slater (pictured) also discusses:
- the stocks he bought as the coronavirus sent stock markets tumbling;
- why the Woodford scandal won’t diminish investors’ appetite for conviction from fund managers;
- the companies he backs that he believes have emerged strengthened by the pandemic.
Note: this podcast was recorded on 20 July.