Jersey-based Close Investment Services, part of the Close Private Bank Group, is to launch an international series of six multi-manager mult...

Jersey-based Close Investment Services, part of the Close Private Bank Group, is to launch an international series of six multi-manager multi-asset funds - Close Discretionary Strategies. The series will follow progressive and dynamic investment styles and will be available in sterling, euro and US dollars. The range will hold between 17 and 20 funds at any time that will invest in equities, fixed income, hedge funds, property and commodities. It will have an annual management fee of 1.6 per cent and no redemption charge. The new launch is targeted to a wider range of investors than Close’s existing All Weather Fund that was launched two years ago. The progressive strategy is designed to maximise returns on capital by placing equal weight on preservation and growth in the medium to long term.