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Watch out for the Colonial First State Effect

  1. AlphaCenturian

    10,543 Posts.
    This from todays AFR Street Talk section

    The Barry effect

    You've seen "the Greg Perry effect". Now some believers in the celebrity fund manager are calling a "Barry Henderson" effect. But perhaps the "Colonial First State effect" would be a better description.

    In any case, stocks in which Colonial First State has a chunky holding had a rocky week.

    Barry Henderson, Colonial's small-cap portfolio manager, handed in his resignation on Wednesday and traders are already speculating about a selldown in key holdings, even though he's not leaving until January.

    Some of the stocks that look like victims are Ion Ltd, Gunns, Smorgon Steel and Flight Centre.

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