Sometimes timing is everything, as Gavin Launder discovered when he bought shares in Ocado Group Plc before a flurry of international deals that spurred a 270 percent rally since late November. Now he’s waiting for another U.K. online shop to hit the accelerator.
Boohoo.com Plc has the capacity to surpass British high-street icon Marks & Spencer Group Plc in terms of market value, said Launder, a fund manager at Legal & General Investment Management Ltd. in London. The web retailer is among the most active holdings in the company’s 210 million-pound ($281 million) Growth Trust, which has beaten 98 percent of peers so far this year.
