Way backs Kim to run fund of funds portfolio

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Way Fund Managers is to launch a fund of funds portfolio under the management of IMS' Paul Kim by th...

Way Fund Managers is to launch a fund of funds portfolio under the management of IMS' Paul Kim by the end of the month. The Global Total Return Portfolio, which will sit within either the IMA's Balanced Managed or Cautious Managed sector, will be benchmarked against its peer group and will follow a similar strategy to IMS' own Select Income portfolio. That fund was launched in October 2004 and is managed by Giles Gilbertson, Paul Kim and Richard Timberlake. Paul Wilcox, chairman and technical director of Way Investment Services, explained the new offering aims to fill a gap between Way's ...

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