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Resolution plans onshore fund versions

Resolution Asset Management is to launch onshore versions of Hexam’s global emerging markets and Emerging Europe funds.

Both Dublin-based funds have been big performers since they were set up in November 2006 and Resolution director Jonathan Polin says that IFA demand is continuing to grow.

Resolution launched Hexam as its third boutique in 2006 after hiring a number of ex-Barings’ staff. Existing onshore products in the range include an EMEA absolute return fund managed by Marina Akopian and Bryan Collings and a global resour- ces absolute return fund run by Grant Shotter and Coll- ings. Global emerging mar- kets is managed by Collings with Shotter as co-manager. The fund has returned 45.7 per cent since launch compared with the sector average of 25.4 per cent. Stuart Richards manages Emerging Europe, which has returned 15.1 per cent compared with an 8 per cent average.

Polin says: “The problem is that platforms have been unable to meet the demand for offshore vehicles of this ilk but, with demand so high, the attraction of them made onshore versions a sensible business decision.”

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