Why have UK equity funds done so badly? - Richard Penny

Most UK equity funds have not exactly covered themselves in glory over the past three years.

But Richard Penny, manager of Money Observer’s award-winning Legal & General UK Alpha fund, is one of the few to have posted positive returns with low volatility to boot. He tells Andrew Pitts how he runs the fund and where he is finding exciting opportunities today.

First aired: Thu, 25/06/2009 - 16:11