View more on these topics

Skandia to launch alternatives multi-manager product

Skandia Investment Group is to launch a new multi-manager vehicle that will give investors access to 10 alternative asset classes.

The fund is designed as a diversifier to traditional asset classes with low correlation to equities, bonds and property.

Each asset class will be outsourced to an individual manager with SIG using its 40 analysts and portfolio managers to monitor the investment performance of the 10 chosen.

The ten asset classes at launch are likely to be: diversified hedge fund exposure, listed timber, precious metals, listed metals, listed infrastructure, hard and agricultural commodities, active currency management, global macro strategy, long/short equity strategy and volatility.

The fund launch is subject to regulatory approval and will be available direct and through ISA, pension, onshore and offshore bond wrappers.

SIG chief executive Jamie MacLeod says: ““This fund aims to bring alternatives investment into the mainstream. For many years large financial institutions and wealthy private client investors have utilised alternative asset classes that complement their more traditional investments. Given that these asset classes often perform independently of equity markets, they have reduced the overall risk of their portfolios and with it their exposure when equity markets fall. Retail investors will soon have access to these investment solutions.

“The global scale of SIG, our unrivalled investment research capability and our commitment to innovation puts us in a unique position to build such a compelling investment fund. We are one of the few companies in the world that could do this.”


Market volatility stressing out 1 in 3 adults, says The Hartford

Equity market turmoil is causing sleepless nights for one in three middle aged and older adults, says The Hartford.The recent YouGov survey found 31 per cent of respondents were suffering poor sleep and increased stress levels as a result of recent market volatility.Those aged 55 and over are feeling the greatest levels of anxiety, with […]

Lehman ponders lending business

Lehman Brothers is believed to be consulting on whether it will suspend lending at its two UK subsidiaries, SPML and Preferred.

Northern Rock to slash mortgage book by 60%

Northern Rock has revealed plans to offload 60 per cent of its mortgage book at it looks to break even by 2011.The bank says it will encourage borrowers to remortgage elsewhere after their mortgage terms expire, with the aim of reducing its balance sheet from £107bn to around £50bn.It will limit its share of gross […]


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