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Thames goes boutique shopping

Thames River has unveiled the details of Gary Potter and Robert Burdett’s five multi-manager funds.

The range features equity managed, balanced managed, cautious managed, distribution and global boutiques funds. Global boutiques will aim to emulate the constellation fund that the pair ran at Credit Suisse, It will invest only in specialist fund houses and investment boutiques.

The equity managed fund will typically hold 50 per cent in UK equities and 50 per cent international equities.

The cautious managed and distribution funds will have around 60 per cent in equities, with the distribution fund aiming for a yield of 4-5 per cent.

Balanced managed will tend to have a higher equity weighting, up to 85 per cent.

The five funds will each hold between 20 and 30 investments. Charges are 5 per cent initial and 1.5 per cent annual. Minimum investment is £1,000.

Potter and Burdett say they each put down a provisional list of funds to buy in July and the recent volatility has offered them an interesting take on how managers perform in unsettled conditions.

He says: “It was interesting that some of the top-performing managers in the bull market have come unstuck in the past two or three months, whereas some had done well in both periods, giving us the ideal case studies for our portfolios.”

The funds will all be available through Cofunds and Funds Network at launch next month.

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