FoFs

The Cayenne investment trust is to set to wind up next year as co-managers Len Gayler and James Hart pursue other opportunities.

Aberdeen Asset Management is set to launch a new Asian property fund of funds, after closing its third investment vehicle targeting the region having raised more than £300m.

Peter Fitzgerald, head of multi-asset retail funds at Aviva Investors, has named five hidden gem funds that add value to his portfolios, and which cannot otherwise be easily accessed by retail investors.

Neuberger Berman is to launch a manager of managers absolute return vehicle as discretionary fund managers look to re-enter the space for the first time since the financial crisis.

Stirling House Financial Services is launching five new fund of funds aimed at private clients, to be managed by Sarasin & Partners.

Net retail sales of funds of funds have exceeded £1bn for the first time in a year, according to IMA figures.

Sarasin & Partners has expanded its product offering with the launch of two funds of funds, Sarasin Global Equity and Sarasin Global Diversified.

Newton is to launch a Managed Income fund to retail and institutional clients, giving investors a single port of call for access to strategies run by Tineke Frikkee, James Harries, Jason Pidcock and others.

Fund of funds head Bambos Hambi outlines his ambitious plans for Standard Life Investments' multi-manager range.