Mirabaud AM to convert UK income fund into High Alpha vehicle

Managed by Kneale and Hewlett

Mirabaud Asset Management is to convert its £18m Equities UK High Income fund into the UK High Alpha fund, which has been run as an institutional strategy for over 14 years and is being relaunched for the retail market.

Run by lead manager Jeremy Hewlett and co-manager David Kneale, head of UK equities at Mirabaud AM, the fund will launch on 1 October with an annual management charge (AMC) of 0.75% on the platform RDR share class. Operating with a bottom-up fundamental approach, the fund will maintain a concentrated portfolio of 20-40 stocks with the top ten holdings always accounting for over 50% of the fund. It has the ability to invest across the UK stock universe but will have a focus on mid-cap companies, which Hewlett said tend to be less well analysed and have the highest growth potential. ...