T Bailey cuts charges and renames funds

T Bailey has cut the charges on its three multi-manager funds from 75bps to 60bps, as well as renaming two of the funds.

Charges will be cut, subject to regulatory approval, on the £177m Growth fund, the £26m Dynamic Cautious Managed fund, and the £17m Defensive Cautious Managed fund, with the latter two portfolios renamed Dynamic and Defensive respectively. "The cut gives us competitive products aiming to deliver alpha, that are cheap but not a giveaway, " said co-manager Peter Askew (pictured). The flagship Growth fund has returned 94.6% over five years, compared to the IMA Global sector average of 107.5%. Askew and co-manager Elliot Farley's top holdings include First State Global Emerging Market ...