# Specialised Research (UK)

Specialised Research (UK) is an Asset Manager based in St Albans, United Kingdom.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** St Albans, United Kingdom
- **Region:** Europe
- **Address:** London, United Kingdom
- **Founded:** 1993
- **Assets under management:** Undisclosed
- **Website:** specialisedresearch.com

## Regulatory record

- **CRD number:** 331937
- **SEC file number:** 802-131181
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/331937

## About

SPECIALISED RESEARCH (UK) is an exempt reporting adviser in ST ALBANS.

## Sectors

- Enterprise Software
- Industrial Tech
- Financial Services

## People

- Patrick Evershed — Fund Manager
- Rosemary Evershed — Chairman

## Questions

### How did Patrick Evershed generate such high returns for retail investors?

By running a concentrated book of deeply researched UK small- and mid-cap companies for long holding periods, Evershed allowed compounding to work uninterrupted. His 2001 ISA investment in a handful of names was widely reported in the UK press to have grown a £60,000 initial sum to over £1 million in roughly 17 years. He prioritized management quality and business durability over diversification.

### Is Specialised Research (UK) still actively managing money?

The publicly available unit trusts that made Evershed a well-known figure among UK retail investors were closed, with active management of those vehicles ceasing years ago. Public records indicate the firm no longer markets new fund products to outside investors, and Evershed's continuation as an active public fund manager is not confirmed in recent financial media.

### What kind of companies did Specialised Research typically invest in?

Evershed focused on UK-listed industrial, technology, and financial-services companies where he believed a durable competitive advantage was undervalued. Named positions over the years included precision-engineering firm Renishaw, engineering group IMI, and financial-data company StatPro Group. He avoided sectors like mining and oil where he felt he lacked an analytical edge.

### Does Specialised Research manage institutional money?

The firm's publicly known vehicles were unit trusts accessible to UK retail investors via ISA and pension wrappers. There is no public record of an institutional separate-account or alternatives business, making Evershed's track record unusual in having been built almost entirely for individual savers rather than pension funds or endowments.

### Who controls Specialised Research (UK)?

Patrick Evershed founded and ran the investment function, while his wife Rosemary Evershed served as Chairman. The firm was structured as a closely held private limited company with governance resting inside the founding family, and no external shareholders or parent entity have been documented.

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Last updated: 2026-08-14T12:30:00.000Z

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