Sequel Investments starts with three multi-manager, multi-asset solutions comprising a cautious, balanced and adventurous fund, all of which, it says, will be low-cost. It has appointed three separate managers for each portfolio with Sarasin & Partners managing the cautious fund, Schroders the balanced and Henderson the cautious portfolio.
It is to use Praemium’s Smartfund structures, which uses separately managed accounts, which is designed to offer more transparency for advisers.
Fund managers will have the freedom to move across asset classes to meet their mandates, gaining exposure to altern- ative investments, including property, commodities and hedge funds if required.
They will be able to move into lower-cost vehicles such as exchange traded funds to save costs in slower markets.