Apollo launch aims to attract £20m by end of year despite bear market

Apollo co-managers Steve Brann, Tom McGrath and Craig Wetton admit they are nervous about launching ...

Apollo co-managers Steve Brann, Tom McGrath and Craig Wetton admit they are nervous about launching in a bear market but hope to have £20m under management by the year-end. The team will use asset class blending, investment cycle tilting, fund selection and implementation on Cautious Growth and Balanced Growth when they eventually launch the funds. The four-stage process has been proven in test, utilising two Guernsey-based feeder funds which have raised assets from Asia and the Middle East. But the inaugural launch for the group, which was slated for 20 November, has been shelved for...