Morley Fund Management has launched the Aviva Funds Absolute Tactical Asset Allocation fund aimed at...
Morley Fund Management has launched the Aviva Funds Absolute Tactical Asset Allocation fund aimed at institutional investors. Managed by Steve Cleal and Adrian Jarvis, the Luxembourg-domiciled vehicle is a global tactical asset allocation fund, which is unitised in structure with daily pricing and is Ucits III compliant. The portfolio's management fees will be 0.75% per annum plus a 10% performance fee on returns over Libor net of fees. Minimum investment required is £600,000.
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till