View more on these topics

T.Bailey unveils best ideas fund

Multi-manager T.Bailey has unveiled its UK best ideas fund of funds, comprising 10 equally weighted UK investment funds.

The fund will invest in a portfolio of concentrated funds where the underlying managers are unconstrained by benchmark weightings and choose only their best 25-50 stock ideas.

T.Bailey has set two performance targets for the fund – to outperform the FTSE All-Share Index on a total return basis and achieve a first quartile ranking over rolling three-year periods.

When constructing the portfolio, the company will look for good long-term performance, a proven and repeatable investment process, an experienced manager and stable ownership of the investment group.

The initial line up comprises funds from F&C, Invesco Perpetual, Jupiter, Legal & General, Old Mutual, PSigma, RAB, Rensburg, Saracen and Schroders. This will be reviewed during monthly meetings.

Research, data and analysis from a range of resources will be reviewed and asset allocation changes may be made to the portfolio to enhance the returns. Face-to-face interviews with fund managers are also an important part of the screening and monitoring process.

T.Bailey says it is not the first investment group to launch a best ideas fund but it differs in that most best ideas funds have been structured as manager-of-managers rather than funds-of-funds. According to T.Bailey, the performance statistics show that fund-of-funds perform better than manager of managers.

It also believes the fund of funds structure is more flexible, enabling the fund of funds manager to react to market circumstances and replace underperforming managers more quickly.

However, it is possible to get a more concentrated portfolio through a manager of managers best ideas fund such as those offered by Skandia. Skandia’s portfolios contain 100 stocks because 10 managers each run 10 per cent of the portfolio. In contrast, T.Bailey’s will contain at least 250 so it will have to ensure over-diversifying


Threesixty says advisers need to review trust arrangements

The majority of advisers will need to conduct a major review of their clients’ will trust arrangements following the inheritance tax changes in the Pre-Budget Report says Threesixty.The adviser support services provider says a review will be necessary to assess whether the arrangements in place still produce the best outcome.Threesixty partner David Ingram says will […]

Broker Talkback

Do you think that Tory tax plans, presented at its conference, are a credible alternative government?Yes 62.5%No 37.5%No “I just don’t want the inheritance tax to be brought up to £1m.”Roger Waters, Barwells Solicitors Yes “I think that the taxes are fairer and the changes would be fairer to everyone.”Gavin John Whippy, Cronin Whippy and […]

3Xd sets up multi-option loan cover

3xd, the firm launched by former Paymentshield directors David Fulluck and Mike Riding, has launched a multi-option mortgage payment protection insurance policy underwritten by British Insurance.The firm is also extending its general insurance range for intermediaries to include buildings and contents insurance and legal expenses/ identity fraud cover.3xd was set up to rival Paymentshield, a […]

‘Highlight fee-only advisers’

Sixteen fee-only IFA firms are lobbying the FSA for the creation of an independent, fee-only adviser category.The FSA’s consultation paper on integrated regul-atory reporting has proposed changes to provide better data about market segmentation by requiring advisers to state whether they are independent, whole of market, multi-tied or tied.But the group, which includes Helm Godfrey, […]


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