But his most lucrative deal on record was in telecoms.
Six of our 40 are in telecom services or are technology-equipment makers.
Tantum, whose background is in telecom, previously started and was president of Virgin Mobile USA.
There, competition from Lexmark and Hewlett-Packard is fierce, as fierce as it is in telecom or tires.
The best place to be in telecom, an industry beset with increasingly internecine competition, is as far out of the way as possible.
Its name might be a bit misleading, since more than a third of the fund's assets are in telecom names, but Bowers sees a lot of similarity between utilities and telecom.
He thinks that price discrimination might not be in telecoms companies' interests after all.
One of the quickest areas in which progress could be made is in telecoms, and that may finally be happening.Telkom is one of South Africa's biggest firms.
THE rules should be familiar to Vladimir Yevtushenkov, an oligarch with a $7 billion fortune who runs Sistema, which is listed on the London Stock Exchange and is in telecoms, tourism and oil.
"For me after being in telecoms for 15 years, when I saw this sign advertising it I said, 'Ah finally, someone's doing that'," she says.
