View more on these topics

Seven funds halfway to 1bn

Seven Investment Management has passed the half- a-billion-pound milestone across its multi-manager fund range.

Since Seven launched its multi-manager Oeic 30 months ago, three of its original funds – moderately cautious, balanced and moderately adventurous – now have more than 100m in assets apiece.

The portfolios are overseen by chief investment officer Ros Price and invest in commodities, international property and infrastructure, currency, private equity and hedge funds as well as more traditional equity and fixed-interest funds.

The group also uses exchange traded funds to gain low-cost access to indices and has used structured products, which differentiates its funds from those of its peers.

As a group, Seven now has 1.25bn in total assets under management.

Marketing director Justin Urquhart Stewart says: “It was one of our tenets when we established Seven to try and bring to private investors and their advisers more of the facilities and capabilities of the wholesale institutional market.

“In our view, we are just at the beginning of this process and there is a lot more we can achieve for investors.”


Right on cue

Snooker star Steve Davis (left) was among the celebrities at the em-invitational golf tournament held in association with GMAC-RFC. The event raised a record-breaking 30,000 for the charities Cancer Research UK, Treloar’s, MND Association and Habitat for Humanity.

This week in Regulation

With the Compensation Bill finally receiving royal assent claims chasers will have to make the most of their last few months of comparative freedom.

Proc and a hard place

The idea of lenders paying procuration fees on retained business was aired in public at the mortgage summit in Spain in June. Needless to say, the response from intermediaries was largely one of jubilation and I hardly thought it apt to disturb the euphoria at such an event, where brains were focused on driving business forward.

Weed them and reap

The FSA’s second review of the equity-release market saw the unprecedented move by the regulator of asking advisers who only write a small amount of equity-release business to stop and refer them on to specialist firms.


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