The WAY Group has brought the management of its funds in-house, ending an eight year relationship with FundQuest.
Its range of funds will now be managed by new subsidiary WAY Investment Managers. The move is part of a wider reorganisation which will also see the launch of a range of high growth specialist funds in areas including Asia and gold.
It has also established a ‘Star Chamber' of external managers to advise and run its planned specialist funds.
WAY Group chairman Paul Wilcox says the firm has now reached a size and maturity to take a more hands on approach to fund management.
"For many years we have been under pressure from some of our IFA clients to take the management of our flagship funds in-house," Wilcox says.
"At the same time it has also become increasingly clear that we should be offering our clients a range of specialist growth funds, focusing on the major investment trends of the next 10 years, which can be used as a supplement to personalise our existing and successful global portfolio-style funds.
"The result is a twin strategy going forward whereby we will progressively manage our global portfolio-style funds in-house whilst also launching a range of high growth specialist funds to supplement and personalise each investor's ‘portfolio' according to their own preferences."
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