View more on these topics

Guinness family office launches first retail fund

Iveagh, the office created to manage the Guinness family’s assets, has launched its first retail fund.

The Iveagh wealth fund is a multi-asset fund targeting annualised returns of 9.5 per cent.

The new fund will be managed by the Iveagh investment committee under the leadership of John Ricciardi and Cambiz Alikhani.

The fund will replicate the portfolio optimisation and asset allocation strategies currently used by Iveagh for its high net worth clients. It will also chart major market movements using proprietary research conducted by the Iveagh investment committee.

The optimised portfolio universe is drawn from alternatives, real assets, major market equities, emerging market equities, bonds and cash, investing almost entirely in daily dealing quoted securities.

The tactical asset allocation strategy aims to increase returns and reduce downside risk through quarterly tactical adjustments on holdings. This strategy uses highly liquid instruments such as exchange traded funds and the direct purchase of government bonds.

The fund is Ucits III qualified and has a minimum investment of £50,000, or the currency equivalent. It offers income and accumulation shares, subject to 18 per cent capital gains tax for UK investors. The annual management fee is 1.5 per cent, and the performance fee is 10 per cent over hurdle.

Iveagh wealth fund manager John Ricciardi says: “Our primary preserve and enhance our clients’ wealth, and we do this by seeking to manage risk and provide protection and growth in good and bad market conditions. We believe this requires a profound understanding of asset price cycles and investor psychology, so our approach combines valuation and behavioural analysis, helping us to achieve absolute returns over a market cycle.”

Recommended

The intern from the FSA

When I told my fellow directors that the FSA was coming to visit us for three days, you will not be surprised to learn their initial reaction was not one of joy and celebration. Not that we have anything to hide from the regulator, you understand, just they felt it might be something of an intrusion on our work plans.

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