M&G Recovery Fund

{{Infobox company

| name = M&G Recovery Fund

| type = Private

| founded = 23 May 1969

| industry = Open-ended investment company

}}

M&G Recovery Fund is a British open-ended investment company launched on 23 May 1969 and, as of 31 May 2012, was the third-largest{{cite web|url=https://data.fundchoice.co.uk/clients/fundchoice/topFunds_fundSize.aspx |archive-url=https://archive.today/20121224042024/https://data.fundchoice.co.uk/clients/fundchoice/topFunds_fundSize.aspx |url-status=dead |archive-date=2012-12-24 |title=Charles Stanley |website=Data.fundchoice.co.uk |accessdate=2016-02-10 }} open-ended fund in the UK (behind Neil Woodford's two equity income funds) with £7.4 billion of assets.{{cite web|url=http://www.trustnet.com/Factsheets/Factsheet.aspx?fundCode=MGREC&univ=O |title=M&G Recovery | M&G UK | Fund factsheets | FE Trustnet |website=Trustnet.com |date= |accessdate=2016-02-10}}

It was managed by Tom Dobell between 2000 and 2020, with deputies Michael Stiasny and David Williams since January 2011.{{Cite news |last=Martin |first=Ben |title=Lost decade leads to Tom Dobell’s exit from M&G fund |language=en |url=https://www.thetimes.com/business-money/markets/article/lost-decade-leads-to-tom-dobells-exit-from-m-amp-g-fund-m3v0h87cc |access-date=2023-03-20 |issn=0140-0460}} Michael Stiasny was appointed manager in 2021.{{Cite web |date=2021-02-16 |title=M&G Recovery: February 2021 fund update |url=https://www.hl.co.uk/funds/research-and-news/fund-news--and--alerts/m-and-g-recovery-february-2021-fund-update |access-date=2023-03-20 |website=Hargreaves Lansdown |language=en}} The fund makes a charge of 1.5% per annum.

Its investment focus is investing 'in a diversified range of securities issued by companies[https://www.aberdeendycelp.com/ Best funds recovery company] which are out of favour, in difficulty or whose future prospects are not fully recognised by the market. The sole aim of the Fund is capital growth.'{{cite web|last=|first=|date=|title=M&G Recovery Fund|url=http://www.mandg.co.uk/Consumer/FundInfo/FundsAtoZ/OEICFunds/RecoveryFund/overview.jsp|url-status=dead|archiveurl=https://web.archive.org/web/20111215114121/http://www.mandg.co.uk/Consumer/FundInfo/FundsAtoZ/OEICFunds/RecoveryFund/overview.jsp|archivedate=December 15, 2011|accessdate=April 17, 2012|website=}}