Ardevora launches onshore income fund for Lang and Pattisson

Ardevora Asset Management is launching its first UK-domiciled fund for managers Jeremy Lang (pictured) and William Pattisson, in conjunction with Margetts Fund Management.

The firms will bring to the market a mirror of the £20m Ardevora UK Income fund, run by the former Liontrust managers, on 2 April. The move is in response to demand from the wholesale market for an onshore version of the income fund and to make it more accessible to those using platforms. Ardevora's existing range, consisting of the UK Income fund as well as the UK Equity and Global Equity fund, was listed in Dublin at launch a year ago to accommodate the long/short strategy used by the latter two funds. The group has now decided to expand its offering by launching a joint venture ...