Prism Capital Management's three risk-rated multi-manager funds have broken through the £100m AUM barrier less than two years since launch following a surge of interest from advisers.
The three funds, designed to deliver best possible returns within well-defined levels of risk, have all outperformed their respective benchmarks since launch in March 2009, with the firm's Cautious Managed fund leading the charge. "While the funds' growth has been fairly consistent since launch, there was a noticeable acceleration towards the end of 2010, something we fully expect to see continue in 2011 as the funds become better established and more widely available," says Prism director Anthony Morrow. Of the three funds, IFDS Prism Cautious Growth is leading the way with £44.8m AU...
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