Hedge Funds

Martin Currie duo dig deep for longer-term value in resources


Old hands Butler and Goodwin have achieved their aim over the past five years in setting out to debunk a number of commonly-held assumptions about the global resources world

In the eyes of many investors, the global resources sector is one characterised by volatile returns, a narrow investment universe and stocks that are closely correlated to commodities prices.

But the managers of Martin Currie's long-running ARF Global Resources Fund have deliberately set out to construct a fund that contradicts those long-held assumptions about this diverse and highly cyclical sector, a universe that comprises some 800 stocks.

The fund's returns