Cazenove pledges initial and AMC to charity

The firm is launching a new unit class for its Multi-Manager Diversity fund and will donate a minimum 2% initial charge and at least half the annual management charge (AMC) to the Fund Aid Foundation. The Foundation has been set up to encourage charitable fundraising in the financial services industry and will initially support five charities at launch, including Acorn’s Children’s Hospice and CLIC Sargent. The new ‘donation accumulation’ share class of the Diversity fund, run by Marcus Brookes and Robin McDonald, will be launched on 31 March. Robert Thorpe, director of UK advisory s...