Insight Investment is planning to convert two funds of funds into absolute return vehicles for its D...
Insight Investment is planning to convert two funds of funds into absolute return vehicles for its Diversified Target Return range. The £76m Wealth Builder High Income fund will be renamed Diversified High Income and the £98m Wealth Builder Growth vehicle will become Diversified Dynamic Return. Patrick Armstrong and Ana Cukic-Munro will continue to manage the funds. The firm mailed clients about the changes last week, and has proposed an EGM on 27 July. If passed, the changes will become effective on 26 October. The two funds will adopt a Ucits III structure, allowing managers to inves...
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