Strong February inflows have driven Thames River multi-managers Gary Potter and Rob Burdett past the milestone £100m inflow mark.
The duo have noted a sharp sales increase across their entire five-fund range over the latter part of 2008 and into the New Year, with the beginning of February proving to be best ever month-start in inflow terms.
Formerly of Credit Suisse Asset Management, Potter and Burdett launched the Thames River multi-manager funds in October 2007.
Four of the pair's five funds are top quartile over one year, with the £22m Thames River Cautious Managed fund down just 9.1% over the year to 9 February, against a 14.7% fall for the sector, according to Morningstar.
"We have seen a steady increase in the number of IFAs recommending multi-manager funds to their clients and Thames River's offerings in particular," Potter says.
"We remain strategically cautious but tactically vigilant as there will be plenty of opportunities to make money as well as lose it in 2009."IFAonline
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