The new fund will be run through an actively managed portfolio predominantly derived from Oeics, exchange traded funds and other collective investment schemes.
Brown Shipley’s chief investment officer Peter Botham will be lead fund manager supported by Michael Clarkson who is fund manager for the firm’s multi-manager growth and multi-manager international funds.
The firm is also bringing its range of Solus funds under the Brown Shipley brand on August 15, subject to shareholder approval.
The UK flagship fund will absorb the smaller £9m UK special situations fund and the company will be widening the number of asset classes available to the fund managers.
Brown Shipley will remain investment manager but outsource the role of authorised corporate director to IFDS Managers who will become responsible for operating and administering the Oeics.
Brown Shipley and Solus marketing director Peter Collier says: “The rebranding of the funds is part of a major underlying strategy for one brand which is easily recognisable, easier to market, provides synergy right across Brown Shipley’s business activities, and avoids any possible confusion in the market going forward.”