Top global fund manager continues to see value in high-flying Apple
Sydney-based Loftus Peak Ltd, home of the Loftus Peak Global Disruption Fund that’s outperformed most peers, is sticking with bets on some high-flying technology shares as investors question their valuations.
:Hefty price tags on companies like Apple Inc. and Amazon.com Inc. might be justified given the quality of their businesses, said Alex Pollak, chief investment officer at Loftus Peak Ltd.
His Loftus Peak Global Disruption Fund has returned almost 23% this year and has outperformed 99%
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