Real Name: Darron Preston
Occupation: Fund Manager
Interests: Asian Markets, Commodities, Economics, Emerging Markets, Geopolitics, Gold, International Stocks, Oil, Stocks
One of the 80's "Barrow Boy" recruits to the City. Odd choice for someone who always wanted to be a submariner with a leaning to sonar.
Never went to a uni and my love of economics and fascination with the City (who else would be sad enough to be reading the FT on the school bus at 13 and trading shares using their father's name?) was enough to see me through.
Decided I didnt like London - hate it in fact and so stuck to the provinces with one of the big private banks. Then in '94 saw an opportunity to set up a discretionary portfolio management outfit for a firm of lawyers and have never looked back. Okay the salary may not compare (certainly doesnt) but then again, quality of life is all that matters, especially now I have four kids. The start of 2012 saw quite a change for us, with Aventus joining European Wealth Management Group, and so we are now European Investment Management where I am head of UK Equity.
Aventus Capital Management team manages investments for individuals, trusts and pension funds. The total funds managed now exceed £66 million*. As advisers who are regulated by the Financial Services Authority we have the specific needs of clients in mind when recommending the best strategy. We appreciate that clients have different attitudes to risk, specific objectives and various tax issues to consider. From the start of our relationship with you we value the importance of effective communication and we will take time to understand what you want to achieve before presenting you with our recommendations. Keeping you informed of how your portfolio is performing is critical to the way we do business. We pride ourselves on being approachable and readily available by phone or email should you wish to contact us. It goes without saying that, wherever possible, we will abandon financial jargon for the sake of plain English. We go to great lengths to provide our clients with a bespoke investment portfolio that we believe is best suited to their individual needs. In order to achieve this, and to understand fully our client’s objectives, we take time to interview our clients in-depth, completing a questionnaire that is designed to obtain salient facts and to discuss, in detail, the difficult question of risk tolerance. All investment carries risk and it is important to establish a mutual understanding of the risks involved in different asset classes. From here we will agree an acceptable level of risk with you that will be used as a benchmark to manage your future portfolio.
Web Address: http://www.europeanwealth.com
Tel: 01242 898148
Thought Id just flag up the annual Global Energy Conference hosted by First Energy and Societe Generale.As ever, an excellent line up of companies over the two days. From the agenda, the ones attending are:Day 1. Coastal EnergyRocksourceBahamas Petroleum CompanySterling ResourcesNauticalBankers Porto EnergyTethys PetroleumCondor PetroleumGreenfields Petroleum San Leon EnergyCoveDEO FaroeDay 2. EcopetrolGran Tierra EnergyPetromineralesC&C Energia Gold OilParex ResourcesEnquestShaMaran PetroleumSonoroTransglobe Energy CorpRialto EnergyWentworth ResourcesProvidence ResourcesCanadian Overseas…
In a break from babbling about more solid companies with boring things such as reserves and production, I thought Id mention something a little bit different. Now here's what Id say looks a very very interesting but HIGH risk play that could/should see an outcome in the near term with the first well spudding later this month and the drill is scheduled to take 6/8…
Oh no, yet another Canadian company! C&C Energia, - company website here. This time, the company is entirely focussed on Colombia with interests in 9 blocks, operating 7 of them. C&C has been very successful sticking to its knitting and production has risen form virtually nothing to 7,300 bopd at the end of 2010. Here is the latest presentation for more information. Note that this…
As many here will know, Im constantly banging on about the lack of decent UK E&P plays and how Im finding more and more overseas, especially in Canada. Well, heres another one, which impressed me at the First nergy Global Energy conference last year. Parex Resources - company website here The group is focussed on two areas, Colombia and Trinidad & Tobago, where it is…
Given there as been quite a bit of discussion about NKO following the First Energy Global Energy Conference last year, I thought it would make sense to give it its own thread. http://www.nikoresources.com/ The overview http://www.nikoresources.com/operations/overview.html on the company website gives access to a wealth of information on their operations. Click on each area around the globe for a v brief overview and then click…
Hmm, that's a bigplacing by QPP and at a very decent price. "working capital" hmm, doesn't help my concerns re cashflow.
Ah yes, qualifications.... Give me someone who is QBE anyday. So, in the FM business, the new regs came to pass and everyone had to be qualified - fortunately, having had my PCIAM from 20 years ago, I was pre qualified (subject to some gap fills); however, Id much rather hire someone with 20 years business experience than someone who has just passed some whiz…
Good article and it highlights a particular bugbear of mine. One of the biggest problems is when funds get very large - trying to be significantly active becomes harder and harder as liquidity in underlying positions becomes an issue - try running a £2bn fund - its a hell of a lot harder than a £200m fund. So many of the stocks you really "like"…
Ah bonita, I'm not going to go into the merits of Hanson butit is interesting to consider the refinements to the Hanson & White model that are now displayed at Melrose Melrose Industries (LON:MRO). Lieutenants of Hanson but this time, buy, improve and sell, returning money to shareholders to allow them to avoid the need to keep making ever larger acquisitions. FKI was a great…
Lightningtiger, dont you understand late reporting of trades?