BBAY

BlueBay Asset Management (BBAY) 246.3p

Investors who followed Shares’ (17 Jul ‘08) hunch July’s trading statement would confound the sceptics by revealing healthy fund inflows have enjoyed a 33% surge in the stock, and now is the time to take profits. Full-year results are due on 18 September and it is unlikely there will be a lot to add after last month’s update. The big rally has seen the stock rebound from an oversold level but BlueBay, like any fund manager, is now likely to struggle to pull in assets.