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01-Apr-2016 22:22

It’s brave, it’s brash, but Phoenix can’t do as badly as its predecessor Mars Asset Management.Phoenix was set up by Gary Channon, a former bond and derivatives trader who became an investment manager after reading Roger Lowenstein’s book on investor Warren Buffett – The Making Of An American Capitalist.

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Channon says: ‘These are companies I passionately want to own, understand implicitly and trust to get things right long term.‘In the worst case scenario, I would hope to at least get my money back.It’s not an easy journey but you have to have faith.



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