Cheviot Asset Management has come to market with a concentrated global fund of funds, its first laun...
Cheviot Asset Management has come to market with a concentrated global fund of funds, its first launch since more than 90 UBS staff defected to the group last year. Cheviot Balanced is managed by Will Buckhurst and invests 85% of its assets in equities with the remainder in fixed interest.Structured as a Nurs, the product can invest in closed-ended vehicles and alternative asset classes such as funds of hedge funds, private equity and structured products. Buckhurst said the fund will be fairly concentrated and holds between 15 and 20 funds at launch. Cheviot evolved from boutique-house C...
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