Cheviot Capital to launch managed fund

London-based investment broker Cheviot Capital, an arm of accountants Kingston Smith, was to launch ...

London-based investment broker Cheviot Capital, an arm of accountants Kingston Smith, was to launch a managed fund the following month. CF Cheviot Managed, a UK-listed unit trust, was the first retail fund from the firm, which provides discretionary portfolio management and brokerage services. Cheviot Capital's chief executive Kenneth Levy, formerly managing director of Gerrard's unit trust business, said the asset allocation would comprise around 85% equity exposure at launch.