RMG Wealth unveils Global Macro fund

Investment boutique RMG Wealth Management has launched the RMG Real Return fund, targeting a positive return regardless of market direction.

The Real Return fund will be managed by Stewart Richardson, co-founder and CIO at the group, and launched on 1 February with £13.1m in assets. Guernsey-domiciled, the fund uses a tactical overlay borne out of market and sentiment analysis alongside an assessment of market fundamentals. The group said its segregated portfolio service, run using the same process, made 3.4% net of fees for sterling investors and 5% for US dollar investors last year. RMG partner and head of business development David Man said the launch represented the start of a wider expansion phase. "Longer term, RM...