This took the total raised for both the European and January-launched UK multi-manager funds to £253 million.
The £91 million in the European fund is not necessarily new money onto the HL Vantage Platform, the firm noted. The fund launches at a £1 fixed price today.
Funds selected for the Europe focused offering include Henderson European Special Situations managed by Richard Pease, Jupiter European managed by Alexander Darwall, Threadneedle European Select managed by David Dudding and Baring European Select managed by Nick Williams.
“I am over the moon with the level of investor support we have had for these new multi-manager funds, and I am absolutely focused on making sure we deliver for those who have entrusted us with their nest eggs,” said Lee Gardhouse, investment director and fund manager.
“As with all our multi-manager funds the overriding preference is for fund managers with long track records, robust and well-established investment processes, and the confidence to back their ideas with conviction,” he added. “The managers we will invest with at launch fall into two broad categories: those focusing predominantly on the prospects for individual companies; and those who place a greater emphasis on taking into account the wider economic or stock market environment into their decision making.”
