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London Firm To Offer Outsourced Investment Services To IFAs

Wendy Spires Assistant Editor 14 July 2009

London Firm To Offer Outsourced Investment Services To IFAs

London-based asset manager Cazenove Capital is to give financial advisors access to its multi-manager diversity range and discretionary fund management in response to what it views as an increase in IFAs seeking outsourced investment services.

Cazenove’s diversity range consists of three portfolios with exposure to equities, fixed interest and alternatives while its discretionary fund management service provides bespoke portfolio construction for individual clients.

“A rise in both market volatility and correlation of asset classes has lead more advisor firms to seek an outsourced solution to investment advice to allow them to focus on the increasing complexities of financial planning. While some investment companies are able to offer some assistance with this, there are a limited number of fund groups that can offer a solution catering for all categories for the end client, irrespective of their individual level of investment,” said Robert Thorpe, director of UK advisory sales.

In other recent developments, Cazenove said last month that it plans to launch its new Absolute UK Dynamic Fund in September. The fund, which will aim to achieve a return of 10 per cent plus per annum over the medium term, will be co-managed by Neil Pegrum and Paul Marriage.

The fund will invest across the UK equity market with an emphasis on mid and small-cap companies, taking both short and long positions on between 30 to 50 UK stocks. Both managers have said they will adopt a pragmatic approach focused primarily at a stock picking level; synthetic shorting will be achieved principally through contracts for difference.

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