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What's New In Investments, Funds? - Stonehage Fleming, Orbis

Tom Burroughes

14 January 2020

Stonehage Fleming
Stonehage Fleming Advisory, the corporate finance and direct investments business of , the privately-owned investment firm overseeing more than £25 billion ($32.5 billion) of assets, has launched its third fund in the UK retail market, called the Orbis OEIC Global Cautious Fund.

The fund seeks to balance investment returns and the risk of loss using a bottom-up selection of global equities, fixed income and commodity-linked instruments to achieve growth on a three-year rolling basis. 

Led by Alec Cutler, the fund aims to beat returns of its benchmark – 30 per cent MSCI World Index and 70 per cent JP Morgan Global Government Bond Index hedged into sterling.

The fund sits in the IA Targeted Absolute Return sector and employs the same innovative refundable performance fee structure as that of the rest of the range. Under this fee structure, clients do not pay ongoing charges. They only pay a fee when the fund outperforms its benchmark and during periods of underperformance, fees are refunded to investors, Orbis said in a statement.