Resolution Asset Management is launching two funds for its restructured European equities desk following its overhaul of the £112m European Growth fund.
Jon Fearon will manage the International Pan-European Fund, a Dublin-based SICAV launching in early October, which aims to seek out the most attractive 30-70 ideas across the UK and Continental Europe using the European team’s undervalued growth process.
Resolution is also launching the Resolution Asset European Smaller Companies Fund in October. Run by Ian Ormiston, the fund aims to deliver long-term capital growth through a portfolio of 30-50 smaller company stocks.
Head of European equities Adrian Darley says: “Europe has a strong underlying economy, inefficient equity markets and a pool of companies becoming more and more shareholder friendly, so it makes sense for us to launch products designed to exploit the exciting opportunities that we continue to find.”
Resolution Asset Management director Jonathan Polin says: “It was always our intention to expand the European product offering once our existing European assets had been restructured, and the team has done a great job in turning around performance. The new funds are ideally suited to the team’s bottom-up, research driven investment style and we believe they will do very well in the coming years.”