Collins Stewart has launched six offshore funds under the Hirzel House banner. The Guernsey domicile...
Collins Stewart has launched six offshore funds under the Hirzel House banner.
The Guernsey domiciled portfolios are non-UK authorised although there is initial and renewal commission available to intermediaries.
The dollar denominated Hirzel House Global Technology fund will have a 40% exposure to hedge funds. It will have 10 holdings including hedge funds Pequot Technology and Aries Cayman Trust.
This will be managed by Kevin Boscher and Paul Le Page. The minimum investment is £25,000 with a front-end charge of 5% allowing IFAs to drawdown three-quarters of it in commission. The annual charge on the fund is 1.5% with one-third being paid in trail.
The two bond funds within the range are to be managed by Jim Goodey. The Hirzel House Sterling Bond fund will invest gilts and other low risk fixed interest securities and offer a yield of between 5% to 6%. The Hirzel House Global Bond fund, dollar denominated, will buy into both government and corporate debt. The minimum investment into either is £10,000, the initial charge is 3% and IFAs can receive up to three-quarters back in commission.
The annual management fee is 1.25% with one-third of it being paid in trail.
Second preference falls at the third
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