Newton opens diversified asset service

Newton Investment Management is opening its diversified asset service, a discretionary service aimed at private investors, through segregated and pooled routes. The segregated route requires a minimum investment of £500,000 and offers a discretionary portfolio service. The pooled service involves investing in the Newton Phoenix fund, which targets returns of 2% above deposit rates by investing in funds of hedge funds and alternative investments. Minimum investment in the pooled service is £250,000 and management fee is 1.5%.