Portfolio is planning a February launch for a recovery fund of funds which will invest in income, sp...
Portfolio is planning a February launch for a recovery fund of funds which will invest in income, special situations and recovery funds, writes Robert Stock. As exclusively reported in Investment Week in November last year, the Portfolio Managed Recovery Fund will be managed by the Portfolio Investment Committee which meets weekly. The pricing and commission structure will follow that of the existing fund of funds range. The initial charge will be 5%, with a 1.5% annual management fee. IFAs will be able to take 3% initial commission, which is rebateable. Trail commission is 0.5%. Paul Ta...
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