Multi-manager group T Bailey is looking to launch a UK equity income fund of funds (Fofs) during the...
Multi-manager group T Bailey is looking to launch a UK equity income fund of funds (Fofs) during the first half of 2004. The group aims to run a portfolio of between eight and 12 underlying funds. T Bailey runs two global Fofs, each with about 50% allocation to UK equities. At present, these contain nine UK equity funds, including the £170m Rathbone Income and £1bn Credit Suisse Income funds. The proposed Fof is likely to contain similar funds, although the group aims to include FSA recognised offshore funds as well. T Bailey's existing £9m retail vehicle, Foundation, launched in Decembe...
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