Solus launching US fund

Solus US Select Opportunities fund is to launch on 1 October. As first reported in Investment Week, the Oeic sub-fund will be run by value specialist Chris Bertelson of US group PXP International. It will operate on an unconstrained basis to maximise the potential universe available to Bertelson and will focus on mid-cap stocks. The fund will aim to have 60% invested in mid-caps, with 20% in small caps and 20% in large caps, although it will not seek to invest in companies that operate on a multinational basis. The portfolio is to contain 55-65 stocks. Explaining the decision to gi...