View more on these topics

Murphy to run Omam UK opportunities fund

Old Mutual Asset Managers is offering a UK opportunities fund managed by Simon Murphy.

The Ucits fund is scheduled for launch in the fourth quarter of the year and will be domiciled in Ireland. The UK opportunities fund will use a multi-cap investment approach incorporating top-down market views and bottom-up analysis.

Minimum investment is £1,000 and annual charge is 1.5 per cent. The fund will be in the IMA specialist sector.

A performance fee of 15 per cent will be based on performance relative to six-month Libor interest rates.

Murphy is head of Omam’s UK large cap team and manager of the £90m UK select equity fund.

He says: “I believe the UK equity market currently offers investors attractive opportunities, albeit with high degrees of volatility, given the uncertain economic background.

“Many stocks are significantly undervalued at current levels and the Old Mutual UK opportunities fund, being a long/short Ucits fund, will aim to maximise the upside potential while also mitigating volatility risk.”



ABI: Advisers should report doctors who are slow producing GP reports

Advisers should report doctors who do not provide GP reports within 21 days to the British Medical Association, according to the Association of British Insurers. In some life cover and critical-illness cases, insurers require a medical examination or GP report before they put the customer on risk.One adviser raised concerns about the length of time […]

Out of context

“My girlfriend accused me of dancing like a frog in a blender.”Cazenove multi-manager Robin McDonald explains how he injured his back. “I cut and pasted this from the FSA because, if in doubt, plagiarise.”Architas chief investment officer Caspar Rock reveals the secret to a good Powerpoint presentation on risk profiling. “May I thank Roger for […]

De Blonay moves to 10% cash in Jupiter financial opps

Jupiter fund manager Guy de Blonay has increased the cash weighting in his £696m financial opportunities fund to 10 per cent from 1.45 per cent in July. De Blonay says he did not see the volatility in August as a buying opportunity for the fund, which is co-managed by Philip Gibbs. He says: “We did […]


Lender tip-off led to £250k fine for broker

The FSA has banned a London mortgage broker and fined him £250,000 for repeated mortgage fraud and deliberately misleading the regulator. The penalty is the second-biggest fine imposed on a mortgage intermediary. Selvavinayakam Vigneswaran was the sole director of Futture Finance Limited, a mortgage brokerage based in Kingsbury, North-west London.Authorised in October 2004, Vigneswaran was […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment