Govett to relaunch UK bear fund

Professional Adviser
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Nearly three-and-a-half years after closing its UK Bear fund Govett has decided to relaunch the prod...

Nearly three-and-a-half years after closing its UK Bear fund Govett has decided to relaunch the product, designed to produce performance that is the mirror image of that achieved by the FTSE 100. The portfolio will be managed by Conrad Preece, who runs the £40m US Bear fund and was also manager of the former UK Bear fund, which closed in October 1999 at £3.8m. It will carry an initial charge of 3.5% and an annual fee of 1.5% and there is 3% initial and 0.5% renewal available. The minimum investment is £3,000. It is an authorised futures and options fund and as such is not eligible f...

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