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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.

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