richard timberlake's IMS to take over running three funds of funds
Dorset-based WAY Fund Managers has appointed Richard Timberlake's Investment Management Selection (IMS) to run three funds of funds aimed at the intermediary market. On 1 September IMS will take over the management of the theme portfolio WAY Global Laser and two global portfolios, WAY Global Blue and WAY Global Red. The three funds of funds will be the only way intermediaries will be able to take commission and have access to IMS's expertise in a pure fund of funds product, according to Paul Wilcox, chairman of WAY. The group charges 5% initial offering 3% commission and has an annua...
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