View more on these topics

New look Cheviot maks fund debut

Cheviot Asset Management has made its fund debut with a multi-asset fund of funds.

The company was relaunched last summer with new management and a new investment team. Its first fund, the CF Cheviot balanced fund, aims to provide income and growth by investing globally in a range of open and closed-ended funds across a range of asset classes.

The fund will invest mainly in equities, fixed-interest, property and cash in line with its benchmark index, the FTSE Apcims Balanced Index. The fund will also include funds of hedge funds, private equity and structured products at a later date, when these asset classes are included in the index. The portfolio will comprise up to 85 per cent equities and a minimum of 15 per cent in fixed interest, property and cash.

The fund will be managed by investment adviser William Buckhurst and chief investment officer Alan McIntosh. McIntosh will be responsible for asset allocation, while Buckhurst will select the underlying managers. Head of alternative assets David Miller, who recently joined Cheviot from Royal Bank of Canada, will also contribute ideas.

Some of the underlying managers will be institutional managers that retail investors cannot usually access due to high minimum investment levels. As Cheviot does not run any other funds, it believes this allows it to be genuinely independent when selecting the investments.

Multi-asset investing has become this year’s bandwagon but Cheviot complains that too many fund managers are not truly multi-asset investors because they are not looking at alternative asset classes.

This fund has the flexibility to access asset classes in different ways and this could be helpful when closed-ended funds are trading at a discount to open-ended funds investing in the same spaces. However, Cheviot is not the only management group to provide a multi-asset fund investing in closed and open-ended funds and it could face competition from companies such as Iimia and Miton.


Face value

It may be time to consider less conventional approaches to equity income investing.

Cavendish chief lights up bookshelves

Cavendish Asset Management chief executive Julian Lewis has written his first novel, a children’s fantasy story set in colonial India and modernday Scotland.Lewis, who runs the firm’s 38m worldwide fund, will donate 75p for every book sold to the SOS Children charity.It has received 6,500 pre-orders and the second book in the series is due […]

Beacon appoints Collins as compliance manager

Beacon has announced the appointment of Bruce Collins to the role of group compliance manager. Collins will be responsible for integrating the compliance framework within the companies and delivering compliance services in all areas of the Beacon Group.Bruce previously worked as head of compliance at MDNationwide and Bananas Inc, was involved in the design and […]

Prepare for impact

The demise of the payment menu comes as no surprise and, given the failure of the initial disclosure document as a means of status declaration, its removal can hardly be a surprise either.


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