Hasley Investment Management is launching a four-strong range of multi-asset volatility-based funds for Richard Philbin.
The four-strong range will vary from defensive to adventurous on the risk scale with a specific level of volatility attached to each fund.
Former Architas chief investment officer Philbin joined Hasley in August and manages the £21m Elite Hasley Multi-Strategy fund.
He says: “The key differentiator between how we manage money and the rest of the market is that we focus on volatility rather than risk. This allows us total flexibility because we are not bound by rigid asset allocations. Each of my portfolios operates to a strict volatility band so the client always knows what they are actually getting. This gives me a specific ‘risk budget’ for each fund, within which I have the freedom to pick the most attractive assets possible.”
Hasley is also launching a range of single strategy funds into the market. The funds are being built on the back of a range of existing investment models which are being made available via retail funds for the first time. The Elite Hasley Best Ideas Portfolio will be sub-advised by Alastair George of Infinite Variance and the Elite Hasley Focus fund will be sub-advised by Hywel George of Integral Asset Management Ltd.
Hargreaves Lansdown analyst Rob Morgan says: “We are at bit sceptical of volatility-based funds because you cannot predict future volatility levels. We would want to see them establish a track record before we look at them in detail.”