Cazenove Growth & income fund has raised £45m in assets less than a month after launch
The Cazenove Growth and Income fund has been awarded a Standard & Poor's AAA rating just three weeks after launch. The strength of manager Tim Russell's following can also be seen in the raising of £45m in assets less than a month after launch, some £20m of which followed Russell from HSBC via an in specie transfer. The portfolio is expected to continue to grow quickly as a result of fund of funds and Isa money flows. A number of fund of fund managers, including Rothschild's Bambos Hambi and Richard Philbin of Isis, have followed Russell to Cazenove. Philbin pulled his £20m stake i...
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