Latest Crosby recruits set up Apollo joint venture

Crosby Asset Management’s latest arrivals are to launch joint venture company Apollo with the group next month.

Apollo Multi-Asset Management (AMAM) will be a specialist multi-asset group owned and run by Tom McGrath, Steve Brann, Craig Wetton, Jon Brokenshire and Ian Liddle.

The five joined Crosby in August, McGrath and Brann from Miton Optimal, Wetton from Chartwell, and sales directors Brokenshire and Liddle from consultancy roles.

Initial launches will be Cautious and Balanced vehicles, co-managed by Brann, McGrath and Wetton.

They will have 30 to 40 holdings and will be structured as Nurs funds.

They may also take advantage of upcoming Fund of Alternative Investment Funds (FAIF) regulation so they can go up to 100% in alternative assets.

There will also be two offshore feeder funds with hedged currency classes in sterling, euros and dollars for worldwide distribution.

All four are slated for launch on 20 November.

For full details, see today’s Investment Week.

Categories: Asset Allocation | Equities | Investment | Managed

Search similar stories on adviserhound