Husselbee converts healthcare vehicle into a multi-asset portfolio with cash-plus mandate
North's John Husselbee took over the City Financial Diversified Absolute Return fund just over a year ago and converted the former pharmaceutical and healthcare vehicle into a multi-asset portfolio. Headed by former Invesco Perpetual CEO Rob Hain, City Financial had two funds run by Neptune, Global Health and Global Bond. The former moved to a multi-asset strategy under Husselbee last year, also adopting a cash-plus mandate. He said multi-asset investing is only a new concept to retail investors but has been available to institutional or high net worth clients for some time. Ucits I...
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