Caddick to run multi-class vehicle

LV= Diversified Income vehicle will offer 5%-15% exposure to 10 different asset classes

Tom Caddick's latest launch, the LV= Diversified Income multi-manager fund, will have exposure to 10 different asset classes at any one time. The basic structure is a 10% neutral position for each area, with flexibility to move up or down by 5%. Asset classes covered are global equity income, global equity alpha, UK equity income, AR, commodities, commercial property, government debt, investment grade bonds, high-yield bonds and cash. Caddick, who moved over from F&C last year, said: "The fund will aim to provide an attractive income of 4% gross per annum on a three-year rolling basis...