View more on these topics

Liongate reduces equities to 1%

Liongate Capital Management’s flagship multi-strategy fund produced a positive return of 0.83 per cent over January while the HFRX global hedge fund index fell by 2.06 per cent.

UK investors can access the fund through the Liongate multi-strategy tracker note.

The company says it is more active than some fund of hedge fund managers so it reduced its exposure to equities to 1 per cent. It says other managers have been slow to do this and may have had too much equity exposure to begin with.

Liongate believes that as its investors, which include high-net-worth clients in the UK, have exposure to equities elsewhere in their investment portfolios, they are looking to Liongate to make money in other areas.

Global macro, fixed income and agricultural commodities are areas that have made notable contributions to Liongate’s performance duringa difficult period for funds of hedge funds in general.

Partner Jeff Holland says: “There is interest in investing in food and agriculture, with the idea of growing demand from emerging markets and constrained supply. We have been playing this theme for some time.

“In the fixed-income allocation we have exposure on the short side to US corporate credit, so as spreads have widened we have benefited.

“Global macro is more volatile than some strategies but it is less correlated to other strategies, so it improves diversity.”


Jupiter looks to India

Jupiter has launched the Jupiter India fund, which aims for growth by investing in companies that are based in or trade in India.

Downing translates VCT idea to EIS

Downing Corporate Finance is launching an enterprise investment scheme fund that is based on the same lower-risk investment strategy as its protected venture capital trusts.

Axa takes the honours for protection

Axa was the star of this year’s Lifesearch protection awards, winning in six categories including best overall provider.The company, which is testing a guaranteed life insurance product with Lifesearch, also won most improved provider, best new initiative and best underwriting team aswell as the award for treating customers fairly. Axa protection account manager Naomi Greatorex […]

The Merchants Trust PLC – May 2017

Welcome to the latest update for The Merchants Trust PLC from the Trust’s portfolio manager, Simon Gergel. Side Thoughts from Simon Gergel… April saw the first day since the industrial revolution that no coal was used to generate electricity for the UK’s national grid. The Financial Times reported that around 34% of power was generated […]


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