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Rob Burnett to launch concentrated European value fund

Rob Burnett to launch concentrated European value fund

Rob Burnett is planning to launch a European equity mandate via his recently founded company, Lightman Investment Management.

The LF Lightman European fund will hold a concentrated portfolio of 40-50 European equities and will have a value bias. The fund will be run by Burnett, supported by analysts Luis Barreiro and Sumit Mittal.

The fund will bear an ongoing charge of 60 basis points for wholesale clients or 80bp for retail.

Burnett (pictured) managed the £331 million Neptune European Opportunities fund before leaving Neptune to set up Lightman in December.

‘We believe European equities are in a better position to perform well in the coming decade than the consensus believes,’ Burnett said.

He added: ‘Lightman’s investment philosophy has been built on empirical research. The portfolio will favour investment characteristics that have delivered the highest returns with the highest consistency over the longest time periods.

'Today, we believe our investment philosophy gives the fund a contrarian edge, providing genuine diversification for clients.’

Burnett had run the European Opportunities fund since May 2005. According to Citywire data, he returned 231% over his full tenure versus a FTSE World Europe ex-UK index return of 194%.

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