Oeic umbrella to include three Fof portfolios, each with retail and institutional share classes
Pharon Investment Management is looking to launch an Oeic umbrella containing three fund of fund (Fof) portfolios by Christmas this year, each of which will be managed by Alan Stoakes. Former head of multi-manager funds at Solus, Stoakes said pending FSA approval, the group will launch Balanced, Cautious Managed and UK Equity Fofs, each of which will have both retail and institutional share classes attached. While the three funds will be Ucits III compliant, Stoakes said he will only take advantage of the new mixed funds rules if he fully understands the risks. As such, it is unlikely any...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
