View more on these topics

Crips bids to repeat UK growth success offshore

Walker Crips is to set up an offshore version of its UK growth fund in a venture with Collins Stewart and plans a high-alpha product next year.

It aims to use Collins Stewart’s offshore distribution through a Dublin-listed version of its UK growth fund managed by Stephen Bailey and Jan Luthman. Collins Stewart’s purchase of Keith Bailey Rogers’ unit trust platform in 2000 marked its first move into fund managementThe fund has had high- profile backing from multi-managers, including New Star’s Mark Harris.

It has returned 76.4 per cent since Bailey and Luthman took the reins in March 2002 against UK all companies sector performance of 17 per cent. It is set to reach 100m by the end of the year.

Walker Crips offers growth, income and bond funds and will add a high-alpha UK equity fund, which will have greater small-cap exposure, in the second half of 2006. Head of distribution Paul Hyde says: “The fund will be launched in September 2006 but we may amend the product depending on what the market tells us. We are specific in our top-down, bottom-up combined approach and people are not going to be buying an index fund from us.”

Hargreaves Lansdown investment manager Ben Yearsley says: “Walker Crips wants to remain a small boutique and are not likely to be aiming at a major stake in the UK retail market. But they have shown they can manage money and it would make sense to use their expertise in the launch of a higher-octane product.”

Recommended

Correspondent’s week

This week by John Greenwood, deputy personal finance editor of the Sunday Telegraph

With frenzy like this…

Investment trusts are experiencing a period of evolution and the cull of funds that add little value will go on

Rate fears over cover for HIV clients

IFA Totally Insured Group is offering the industry’s first life insurance contract for HIV-positive clients but an IFA is warning that it could cost up to 30 times the market rate. TIG is launching Positively Insured, which offers 10,000 life cover for people diagnosed with HIV for at least 12 months on December 1 – […]

Leeds Building Society launches 1 year fixed rate bond

Leeds Building Society has launched a one year fixed rate bond paying 4.8 per cent until 1 February 2007.The product, with a minimum investment of 5,000, also offers a monthly interest option. Unusually for this type of product, access is available on up to 50 per cent of the amount invested without notice or penalty, […]

Abe and Modi

Investment ideas to power returns

We believe the most exciting stockmarket opportunities today are in those places where a new generation of leaders are successfully transforming economies and companies in favour of investors. In a new investment guide and website, which is suitable for use with your clients, we set out our views on these reformers. Click here to find […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com