Stock-picking skills paid off for Symphony Financial Partners’ SFP Value Realization Fund in June. The fund was up 7.55% and is up 20% so far this year.
Chief executive David Baran said that most of the return was generated from the core portfolio position that the firm has had for a long time. The fund holds stocks for the long run, between two to seven years.
The fund looks for companies “that are grossly mispriced because they are overlooked or have low liquidity but nonetheless their business and balance sheets are very strong”, explained Baran, adding: “We will