The UK market – one of the world’s oldest – has spent five long years being unloved due to a host of factors. However, as these headwinds have begun to abate, cheap and appealing opportunities have been left behind. It’s certainly fired up the private equity dealmakers: UK plc has seen a tsunami of activity this year. This article explores why UK equities have been given the cold shoulder and how the receding headwinds have engendered a fertile hunting ground for Job Curtis, Portfolio Manager of the City of London Investment Trust.