Fund manager


Stephen Bailey

A Scarce Resource update in three charts

Stephen Bailey explains why a mining industry focused on value rather than volume is good news for shareholders. Read more
Stephen Bailey

Prospecting among the unforgiven miners

Following the release of strong Rio Tinto results, Stephen Bailey explains why the Liontrust Macro-Thematic team sees opportunity in the unloved mining sector and the initiation of a new Macro theme: Resource Scarcity. Read more
Stephen Bailey

How we are plugging into the Battery Revolution

Stephen Bailey, manager of the Macro Equity Income Fund, draws some lessons from history as he highlights the best spot on the electric vehicle supply chain for investors to target. Read more
Stephen Bailey

Housebuilders’ prospects remain underpinned

Housebuilders’ share prices suffered last week when the Chancellor announced a review into ‘land banking’ in the Budget. Stephen Bailey explains why he thinks there has been an overreaction to news of the review and why housebuilders’ prospects are underpinned by the continued imbalance of supply and demand in the housing market. Read more
Stephen Bailey

Why we cut our AstraZeneca holding

Stephen Bailey comments on pharmaceuticals giant AstraZeneca following news that the “Mystic” study - its flagship research into lung cancer treatment - has failed. Read more
Stephen Bailey

Where next for Opec?

Opec has backed itself into a corner as it looks to prolong production cuts ahead of Saudi Arabia’s mooted IPO of Aramco, the state-owned operator. Read more