Philip Gibbs is a "money-making machine", says Jeff Prestridge in The Mail on Sunday. An investor in his Jupiter Financial Opportunities Fund would have seen £1,000 grow to £2,338 over the past year, an achievement recognised by fund analyser Citywire, which recently labelled him "best fund manager", says Prestridge.
Gibbs has a "sometimes aggressive approach", says Citywire, targeting undervalued firms with "proven management and strong products or services". His tactics have paid off, he has returned 580% since the fund's launch in 1997 and 161% (against 92% for the FTSE world index) since the market low three years ago. The fund's performance "has been excellent", says broker Hargreaves Lansdowne, who are reassured that Gibbs has invested a large sum of his own money in the fund.
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