FSA gives green light to Spanish boutique March Gestión

Spanish boutique asset manager March Gestión de Fondos (MFG) has gained FSA approval to distribute its three flagship funds to the UK market.

The family wealth business announced plans to bring its European strategies to the UK in January and has been awaiting fund registration. The three funds will be launched with sterling-denominated institutional share classes, with RDR share classes to follow, and will initially be offered to wealth managers and leading IFA distributors. The key offering is March Vini Catena, a global equity fund investing in listed companies linked to the production and sale of quality wine. At its third anniversary in December 2012 the fund, which has now reached over €100m in size, had returned 2...