Asset Management

Majedie investment chief: Covid crisis is ‘Darwinism on steroids’ for UK companies

Tesco is among those businesses which de Uphaugh thinks will emerge in a stronger position
Tesco is among those businesses which de Uphaugh thinks will emerge in a stronger position Photo: Getty Images

In the eight months since Majedie, the £.8.1bn boutique UK fund house, took over the underperforming Edinburgh Investment Trust from the former Invesco star stock-picker Mark Barnett, its portfolio has been drastically overhauled.

James de Uphaugh, Majedie’s chief investment officer, has spent the six months since taking up management of the £1bn trust in March ditching some of Barnett’s biggest holdings in favour of companies he is confident will survive the pandemic.

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