boutique converts two unit trusts to oeic sub-funds to be marketed through intermediaries
Cavendish Asset Management has launched a retail Oeic with two sub-funds to be marketed through the intermediary community. The boutique has converted two unit trusts, Cavendish Opportunities and Cavendish Worldwide, into sub-funds of the Oeic and is offering up to 3% intermediary commission and 0.5% trail for the first time. The two funds, which until now have been held almost exclusively by high net worth investors, will also be marketed directly. Paul Mumford, senior fund manager at Cavendish and manager of the Cavendish Opportunities fund since its launch in 1988, said the funds bo...
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