STEPHEN CRANSTON: Diving for deep value
Cynics may think ‘deep value’ is no more than code for ‘bad stockpicking’, and, yes, that has been true recently
I have always considered RECM to be one of the serious contenders in the SA fund management space. So it was quite a surprise to see that it had been taken over by the much less visible CounterPoint, which is a fellow practitioner of RECM’s deep-value investment style.
Cynics may think "deep value" is no more than code for "bad stockpicking", and, yes, that has been true recently.