Brewin Dolphin has subjected its £23m Income fund to an overhaul, outsourcing the mandate to hedge f...
Brewin Dolphin has subjected its £23m Income fund to an overhaul, outsourcing the mandate to hedge fund group LNG Capital to improve performance. Manager Louis Gargour made significant changes to asset allocation on the bond portfolio, turning over 12% of holdings. He reduced the fund’s weighting to homebuilders and banks, notably Bradford & Bingley, and increased positions in gaming firms, chemicals and oil services. The group is currently looking for a wider audience for the private client offering. It handed the mandate to LNG as Brewin wanted to bring hedge fund techniques into ...
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