The Waverton UK absolute and Waverton UK premium funds, along with Waverton UK are designed to offer investors three complementary solutions for investors looking to invest in UK large caps.
The funds, which are managed by Russell Wallis and Simon Wilson are all part of the Irish-domiciled UCITS III Waverton platform and will target varying degrees of relative and absolute return. They will initially be exclusively available through Credit Suisse’s UK private banking business.
The core characteristics of each of the three portfolios will be similar but beta skews and an option overlay strategy will differentiate one from another.
The managers use a bottom-up stock driven approach to invest in leading FTSE 100 companies and run concentrated portfolios of 30-35 holdings with a focus on international companies with non UK dependent earnings.
There will be no-fee switching between the three portfolios to allow investors efficient and flexible asset allocation.
J O Hambro Investment Management director and head of fund distribution Charles Bathurst says: “This suite of funds is a vanguard in the industry, offering investors a unique, highly flexible investment proposition managed by our hugely experienced UK equity team of Russell Wallis and Simon Wilson.”