The explanation of different types of multi-manager funds and how they work will now be contained in a separate document which can be downloaded at adviser.defaqto.com/what-is-multi-manager. Feedback from IFAs showed they wanted the explanation to remain accessible but there was no need to repeat it in every issue.
Defaqto has added its in-house quantitative fund ratings to the statistics section of the guide. The QuantRater is designed to give an indication of manager skill and consistency of performance. Principal consultant, investments, Fraser Donaldson says: “When we started Blending Talents, a lot of funds had only been around for a few months. Past performance feeds into QuantRater, so there would have been a lot of funds that were not rated.”