fund launches

Sub-advised by Baillie Gifford and Marathon Asset Management

Fund seeded with $25m in September

Focus on non-publicly listed companies

Second vehicle for manager

Concentrated portfolio of 20 to 40 high-quality companies

In partnership with alternatives boutique K2 Advisors

First launch this year

Range will be rolled out over next six months

High-conviction portfolio of 40 to 80 stocks

Possible addition to company's Horizon fund