Resolution Asset Management's new multi-manager joint venture with former Fidelity managers Chris Ralph, Jason Collins and Simon Mungall will launch in October.
Named Maia Capital, after the Roman goddess of spring and new beginnings, the range will consist of three onshore unit trusts and two offshore QIFs.
Resolution says the funds will include around 15-25 holdings and initially invest solely in collective investment schemes while the managers may ultimately allocate portions of the overall portfolios to external managers. This would combine the fund of funds and manager of managers approaches.
The three unit trusts will be called:
- ResolutionAsset Maia Multi-Manager Growth Fund
- ResolutionAsset Maia Multi-Manager Balanced Fund
- ResolutionAsset Maia Multi-Manager Cautious Fund
Similar to its other joint ventures, Maia will be half owned by Resolution and the managers.
“Maia is a highly appropriate name for our latest joint venture and brings another dimension to our stable of boutiques and superheroes," Resolution Asset Management director Jonathan Polin says.
“Chris and the team are raring to go and I’m delighted that we will be able to get the boutique up and running in October.”
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