investors can choose the level of risk they take on and the level of reward they expect with the managed strategies funds
Forsyth Partners has launched a Bermuda-domiciled range of funds that cover various asset classes including equities, fixed income, hedge, property and commodities.
The Forsyth Managed Strategies Funds have been designed to give investors options with regard to the level of investment risk they assume and the level of reward an investor expects for this risk. Investors can choose a strategy according to their level of desired risk, whether it be cautious, balanced or aggressive.
Each of the funds is managed on a fund of funds basis and is available in dollars, euros and sterling. The minimum investment is $10,000, with subsequent investments of $5,000. The annual management fee is 2%. Initial commission and trail fees are available.
The Forsyth Managed Cautious Fund is for investors who seek long-term asset growth and who are, perhaps, concerned about the volatility of financial markets and want preservation of capital. This approach is recommended for investors who have a time horizon of less than three years. The portfolio is 5% equities, 60% bonds, 25% hedge, 5% property and 5% commodities.
The Forsyth Managed Balanced Fund is suited to investors who seek long-term asset growth but who are willing to accept a certain degree of risk within their portfolio. The portfolio is 35% equities, 15% bonds, 25% hedge, 5% property, 20% commodities.
The Forsyth Managed Aggressive Fund is suited to investors who seek long-term asset growth but who are willing to accept a higher degree of risk within their portfolio. This approach is recommended for investors who have a time horizon of longer than five years. The portfolio is 65% equities, 5% bonds, 5% hedge, 5% property and 20% commodities.
A fund of hedge funds will also be part of the range. The Forsyth Managed Hedge Fund is 100% exposed to hedge assets, but diversification is achieved by investing across four funds of hedge funds. These offer differing risk/ reward profiles and are diversified across a multitude of hedge strategies.
The investment objective of the portfolio is to achieve capital appreciation in both up and down markets, while trying to minimise investment risk. The fund will use a mix of strategies including long/short equity, global macro, market neutral, convertible arbitrage, fixed income arbitrage and event driven.
Peter Toogood, chief investment officer at Forsyth Partners, said: "The creation of the managed strategies portfolios is our response to the third generation of fund management which we believe is about offering tailored financial solutions based upon concepts of risk and return."
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