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Close all weather fund outperforms in first year

Close Private Banks all weather fund launches its first anniversary campaign, offering reduced risk with the potential for equity-like returns.

The fund is essentially a multi-manager vehicle investing in four asset classes: property, equities, fixed interest and alternative investment structures.

The all weather fund is neutral approach to asset allocation and strives to keep the four classes equally weighted.

Advisers can receive up to 5 per cent on the initial contribution with an ongoing trail fee or give their clients 100 per cent allocation, receiving up to 3.5 per cent up front commission from Close.

Close portfolio manager Phil Bain says: We have built on the theory behind all weather investing and taken it to a new dimension. Our investment approach focuses a sophisticated risk management process delivering low capital volatility without giving up the potential for growth.


Equitable faces payout to 1,500

Equitable Life may have to pay compensation to 1,500 policyholders after a lead case was upheld by the Financial Ombudsman Service last week.

Big multi-managers may miss out on niche firms

Smaller hedge funds are often early-stage managers investing in niche areas and, in general, tend to perform better than later-stage managers. Smaller multi-manager funds, such as the newly launched PSolve Alternative Investments select opportunities fund, can easily access small specialist hedge funds. But the bigger multi-manager funds may neglect niche players because they are often […]

Reports of death of deferral exaggerated

The Government announced on February 10 that “a number of avoidance schemes have been disclosed to the Inland Revenue which aim to generate capital losses using corporate capital redemption bonds. From today, where one of these bonds is disposed of by a company, no capital loss can arise.”

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Johnson Fleming set to host webinar on auditing auto-enrolment schemes

With 23 auto-enrolment compliance notices issued by the Pensions Regulator, and an evolving legislative landscape meaning previously compliant schemes may now be in breach of regulation, now is the time to think about auditing your auto-enrolment scheme. Johnson Fleming is hosting a webinar on 9 October at 11:00 on how to audit your scheme to ensure compliance, avoid breaches and fines and overcome data issues.


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