The Iveagh Wealth Fund, run by Iveagh Private Investment House, the Guinness family office, has been awarded a Standard & Poor's AA fund rating, just 14 months after the fund launched.
Standard & Poor's Fund Services reviewed the fund in advance of the traditional three-year minimum period. Its report commended the knowledge and experience of the fund management team, and made special mention of the investment process and its track record.
A global multi-asset UCITS III fund for retail investors, the fund is co-managed by Cambiz Alikhani, John Ricciardi and Chris Wyllie. It is available on multiple platforms: Standard Life and Transact wraps, and life office platforms including Aviva, AXA, Canada Life, Elevate, Hansard, Friends Provident, Lombard, Nucleus, Seven Investment Management, Skandia and Standard Life.
John Ricciardi was previously head of global asset allocation at Alliance Bernstein. Iveagh has taken Ricciardi's asset allocation process and adopted it for all group funds under management. The process includes strategic and tactical asset allocation, with the latter driven by valuation, liquidity analysis and business cycle leading indicators.
Iveagh's business cycle analysis is the distinctive element of the process, and is based on forward looking econometric models developed and applied over 30 years.
The Standard & Poors report noted: "Since adopting the process at 1st December 2006 it has proved effective, leading to timely changes in portfolio allocations according to market conditions. In particular, capital preservation was good relative to comparable funds in 2008. Moreover the entire performance record from December 2006 to September 2009 is strong with real wealth growth. Given this, and oversight of the process by an experienced team, the fund achieves an S&P AA (NEW) rating."
More than £3bn transferred
Available to 80,000 employers
Covered call option strategy
Impact on markets
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