£115m for Diversity under new heads

Cazenove's Brookes and McDonald enjoy strong inflows on Diversity since taking over

Cazenove's multi-manager duo Marcus Brookes and Robin McDonald have attracted £115m in assets into the Diversity fund since they joined late last year. The managers have also beaten the fund's benchmark of inflation plus 4% over the past 12 months after positioning the portfolio cautiously. Diversity is split one third each in equities, fixed interest and alternatives. McDonald said: "We have been in capital preservation mode. In times like these, you do not want to lose money. It has been difficult as the only asset class that made money this year was index-linked gilts, so we have h...