View more on these topics

Hedge fund experts back Cazenove’s new team

Cazenove’s new multi-manager team is looking at investing in hedge funds for the first time with the help of the group’s hedge fund managers, Tim Russell, Neil Pegrum and Chris Rice.

Robin McDonald and Marcus Brookes, who joins Cazenove’s multi-manager team as co-manager in the new year, did not invest in hedge funds in their previous positions at Gartmore.

McDonald says this will not make a difference to their management of Cazenove’s multi-manager diversity fund as both managers are familiar with the asset class and are able to call on the experience of other managers within the group.

The multi-manager diversity fund is classified as a cautious managed fund and aims to beat inflation by 4 per cent a year.

Cazenove says this target cannot be achieved through bonds and equities alone, as diversification through a broad range of asset classes is needed to achieve smoothed returns in all market conditions.

When selecting funds of hedge funds for the alternatives portion of the multi-manager diversity fund, McDonald and his team will take a similar approach to previous managers Mark Harries and Simon Wood. They will use hedge funds as a diversifier, investing only in funds of hedge funds that they consider low risk.

McDonald says hedge funds have been a positive differentiator that have driven performance and they will continue to provide diversification and downside protection under his stewardship.

He says: “We have four holdings in funds of hedge funds which give us exposure to 109 hedge funds. It is worth mentioning that just because we did not invest in hedge funds at Gartmore, Marcus and I are still aware of the asset class. Everyone in financial markets at the moment needs to be aware of hedge funds.

“We can gain great insight by going to Tim Russell, Neil Pegrum and Chris Rice. We have this pool of knowledge on tap and the calibre of hedge funds they run will provide a good source of information.”


GE Money Home Lending cuts BTL rates by 0.85 per cent

GE Money Home Lending has cut its buy to let rates by up to 0.85 per cent.Rates have been reduced by up to 0.85 per cent on two year fixed rates and 0.75 per cent on three-year fixed rate First National products at 100 per cent rental cover.GE Money Home Lending head of mortgage marketing […]

Polson quits ScotLife for Standard

Scottish Life head of corporate pensions Mark Polson is leaving the firm to join Standard Life Savings as head of corporate communications.Polson makes the move across Edinburgh in December after five years at ScotLife.He will be responsible for raising the profile of Standard’s platform business, including its wrap and fund supermarket Fundzone and will also […]

Mortgage Force adds two lenders to secured loan broking arm

Mortgage Force has launched two new national partners to facilitate its secured loan broking arm.Promise Solutions and Your Broker Network have joined the 170-strong franchise network.Mortgage Force director of distribution Stuart Johnson says: “We have entered into arrangements with Promise and Your Broker Network because they can offer the products, support and service we need […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    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