Fund Management
UK Insurer Opens Up to Cazenove Diversity Fund

UK-based insurer Legal & General has made Cazenove Capital's Multi-Manager Diversity Fund available through its Portfolio Bond and Portfolio Plus SIPP. It is the first insured bond link to the £83 million ($160 million) fund. The Cazenove Multi-Manager Diversity Fund is an unfettered multi-asset fund of funds which aims to out-perform inflation by 4 per cent per annum net of fees. It is managed by Mark Harries and Simon Wood. Cazenove Capital's head of UK Advisory Sales Robert Thorpe said: "Although the fund is currently available through most fund platforms, we have had significant demand from advisors for life bond links to the fund. Legal and General’s bond link will be the first; however, we are expecting to announce further life company links to the fund in the near future."