Rathbones sets launch date for Coombs' third multi-asset fund

Rathbones is set to launch an Enhanced Growth portfolio for head of multi-asset investments David Coombs on 1 August.

As revealed by Investment Week last month, the new fund will be aimed at higher risk investors with a long-term investment horizon. The fund has attracted £5m in investment so far, ahead of its official launch, according to the firm. Coombs already manages the £30m Total Return Portfolio and the £48m Strategic Growth Portfolio, which both employ the company's top-down investment process. "The new fund complements our existing range, but the overriding investment philosophy, based on strict risk control and a focus on changing correlations, remains the same," said Mike Webb, chief e...