As advisers you are inundated by fund groups eulogising about "a fantastic track record" or a "robust process" or a "strong independent team".
Multi manager funds have become increasingly popular over the last five years or so, but why?
Over the last 10 years the tenure of fund managers has been eroding as a result of the migration of successful managers to run hedge funds or their shift to boutiques where they can run smaller amounts of capital with a significantly greater participation in the margin or profit and exposure to the multiple offered by the open market in equity.
Advisers have funnelled money to these areas because they have performed well and confidence has risen in delegating fund selection and portfolio construction.
In selecting a fund of fund manager there are several ways of approaching the analysis. The first centres around the return, the second centres around risk and the others are either a blend or mixture of the two.
At Cazenove Capital the philosophy relating to our multi manager portfolios is to understand risk and bring together talented and experienced managers from around the world to form part of our diversified portfolios.
May 2007 marks the fifth anniversary of the launch of our multi manager funds and over that time investors have trusted us to run over £340m worth of assets.
Our innovative range of funds includes the OBSR rated Cazenove Multi Manager Diversity Fund which aims to beat inflation by 4% each year and Cazenove Multi Manager Managed Equity Fund which invests with absolute mindset investors.
So our funds are five years old. So what? Well they’re really good and worthy of your consideration. Click here for information on our funds
