New fund manager BDT Invest is to take its first steps into the IFA market next month with the launch of a new offshore investment fund.
The fund is expected to invest in emerging markets, which are set to be the focus of the company. It will be managed under a growth-orien tated, stock-picking approach.
The new boutique fund manager, which launched with $100m (around £68m) of institutional mandates this month, has been founded by Henry Thornton, Rob Brewis and Simon Dobson.
Thornton and Brewis have worked together for the past 12 years, most recently at Colonial First State Invest ments. Dobson has worked at GT for 15 years.
All three fund managers have extensive experience in Japanese, Asian and emerging markets.
The firm's chairman is Henry Thornton's father, Richard, who founded GT.
The founders say the company is set to be a dedicated investment house, with all attention focused on producing high returns. It believes the current downward trend in US interest rates is set to boost emerging markets.
BDT says the existing capital consists of three mandates from blue-chip institutions but it hopes to double its assets under management by the end of 2001.
Chief executive Henry Thornton says: “This team has an outstanding record. That is why we have already attracted and will continue to attract significant mandates.
“Our investment focus is on the selection of individual companies with exceptional growth potential. Excellence in stock picking lies at the heart of the company's investment style.”