Former M&G and Credit Suisse fund managers Charles Glasse and Christopher Garsten are setting up an ...
Former M&G and Credit Suisse fund managers Charles Glasse and Christopher Garsten are setting up an investment boutique which will offer an offshore Continental European fund.
Glasse left M&G last year and was previously manager of the group's European Dividend fund for around 10 years while Garsten was previously a European fund manager at Credit Suisse. The investment boutique they are setting up is called 2CG.
Glasse and Garsten will jointly manage the Continental European fund which is an FSA recognised Dublin-domiciled Oeic sub fund. It will be marketed as part of Laing & Cruickshank's Dublin-based Oeic, branded Zenith.
The fund, European Capital Growth, will have a portfolio of between 50 and 60 stocks and will look to buy undervalued companies.
The Oeic has two share classes and the retail share class has a minimum investment of £1,000. The initial charge is up to 5.5% and the annual management charge is 1.55%. IFA commission on the retail share class is up to 5% and 0.5% renewal is offered. The institutional share class has an initial charge of 0.5% and an annual management charge of 1.05%. The minimum investment for this share class is £1m.
Due to leave 31 May
Latest news and analysis
Underperformance still present – for now
Regtech or fintech
15% increase in number of claims paid