The Daily Telegraph - Saturday - Money
HARRY NIMMO IN FOCUS: DART GROUP
The owner of airline Jet2 has been a huge g beneficiary ry of the demise of f Thomas Cook this s autumn.
Value-for-money for-money airlines are re a difficult industry but what we have identified ntified is a standout player that provides ides a demonstrably better customer experience p than its competito competitors. It is rated the ninth nin best in the world by TripAdvisor users. The share shares are 80pc up since si Sept 1 and there is more to t go.
holdings for more than five years and eight have more than doubled in that time.
AND YOUR WORST?
Until a year ago I was able to say a company had never gone bust on me.
But Patisserie Holdings was a company I inherited when a number of funds were merged into my trust. I met the management team and thought it looked OK but, as we now know, there was some false accounting at the company.
The shares were immediately suspended and there was no chance to exit, so that was a total loss.
HOW ARE YOU PAID?
I get a salary and bonus linked to fund performance. About 40pc of my stock investments, and my family’s, are invested in the trust.
WHAT WOULD YOU BE IF NOT A FUND MANAGER?
I used to be a land surveyor, a guy with a tripod measuring angles and designing foundations for buildings, which I really enjoyed.
I spent three years in Saudi Arabia but realised I was never going to meet Mrs Nimmo or settle down working in remote parts of the world, so came back and trained to be a fund manager.