MPC Investors has opened its MPC Global Convertibles fund and MPC Strategic Reserve fund to the UK retail market, after they gained FSA recognition.
Geldard and Manzi are using the same investment style employed when managing their top-performing funds at JP Morgan. Both funds are Luxemburg registered Ucits III Sicavs.
The MPC Global Convertibles fund is invested in a broad spectrum of global convertible bonds. It uses the inherent total return characteristics of convertible bonds to capture much of the upside in equity markets, while aiming to minimise capital losses should equity markets decline. The MPC Strategic Reserve fund has a target return of 3% above cash. The fund takes positions in bonds, equities and convertible bonds, while taking tactical advantage of other assets such as currencies when clear opportunities present themselves.
Peter Harrison, chief executive of MPC Investors, said: “FSA recognition for our funds will mean that we can reach a much wider audience. The funds now not only are available for distribution in the UK but they are also sterling hedged and are tax efficient for UK investors due to their distributor status.”
Joined as head of strategy, multi asset, in June
Group income protection
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Set to become part of Single Financial Guidance Body