Specialisation is the key to success for Rikard Vabo of Fearnley Fonds in Norway. He and Lars Erich Nilsen are the two senior analysts on the research team for shipping, yards and marine equipment.

Mr Vabo is ranked fifth among US stock pickers, outperforming his marine oil, gas and consumable fuels industry benchmark by 21.4 per cent, and fourth among Asian stock pickers, beating his benchmark for transportation of machinery and materials by 15.3 per cent.