SLI launches Unconstrained fund

SLI said it has drawn up plans to close the latter, which began trading on February 22, within months. Following a similar tactic used for Wesley McCoy's £240m UK Equity Unconstrained, its launch had been kept under wraps because SLI had wanted to be able to demonstrate a performance track record before marketing the fund. It is run by Dominic Byrne, an Oxford-educated engineering graduate who joined SLI in 2000. The fund is thought to be run with a focused portfolio of 30 to 50 stocks, adopting a barbell approach, with large cap stocks helping generate a target income of 3.4pc or 11...