Fitzwilliam – the longest-running fund in the IMA’s balanced managed sector – is managed by BDO Stoy Hayward Investment Management investment director Sharon Segal and is now £78.8m in size.It has returned 14.5 per cent against a sector average of 13.8 per cent over one year, 14.1 per cent against a sector average of -2.4 per cent over five years and 108.1 per cent against a sector average of 82.9 per cent since launch. The fund offers a concentrated portfolio that is actively managed and can include combinations of equities, bonds and cash. Asset allocation is used for geographic and sector positioning. It seeks to provide long-term capital growth by active management of a diversified medium-risk portfolio of global equities and fixed-interest securities. Segal says the approach of the fund is active, pragmatic and based on the judgement of fund managers working to know their clients exhaustively. The focus is on capital protection and growth. Segal’s company, the fund management arm of accountancy network BDO Stoy Hayward, focuses on multi-manager investing, including equities, hedge funds, property, bonds and cash. Segal says: “The fund has weathered some turbulent markets over the last 10 years and we are proud of its performance.”
Nvesta has established the accelerator growth plan 3, a six-year guaranteed equity bond linked to the performance of the Dow Jones Eurostoxx 50 index.
Momentum Tracker Plan
Nicholas Macpherson has been appointed Permanent Secretary to the Treasury, succeeding Sir Gus O’Donnell. Macpherson was previously managing director of the budget and public finance directorate and before that was head of the public services directorate. He has 20 years’ experience in the civil service
Whitechurch Network has teamed up with Pink Home Loans providing members with a preferred packager facility. The deal allows Whitechurch members to access Pinks packaged lender panel including its products and branded range. The partnership became effective on July 25. Whitechurch Network managing director Ian McIver says: Ultimately we look at ways of enhancing our […]
Most of us would agree that pensions were complicated enough before April 2015, but since the pension freedom changes came into effect it has got a whole lot worse.
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