A new European Income fund will be launched by Insinger de Beaufort in May as a UK OEIC. Minimum initial investment will be £100,000 ($192,8...

A new European Income fund will be launched by Insinger de Beaufort in May as a UK OEIC. Minimum initial investment will be £100,000 ($192,893). The annual management fee will be 0.75 per cent with an initial fee of 5.25 per cent. The fund will be managed by Jacobus Human and David Williams. Human is chief investment officer and managing director of Insinger de Beaufort Asset Management which currently has €3.25 billion ($4.36 billion) under management. Insinger’s specialist funds division has produced superior performance since its formation in 2003 by successfully exploiting market inefficiencies according to the company.