Multi-manager launch from IFG in January

The Dublin-based discretionary adviser IFG is looking at a January launch for its first fund of funds. The product will comprise a core, balanced fund and a series of sub-funds specialising in niche areas, allowing investors to modify their exposure by sector or geography without triggering a taxable event. IFG will hire six to eight fund of funds specialists to manage the various portfolios. There will also be a board of investment advisers to oversee the product. The euro-denominated fund will be looking at some 8,000 funds, from straight equity funds to property funds, hedge funds an...