The funds issued through the firm’s discretionary investment management service will follow the same investment strategy as its segregated propositions that have a minimum investment of £500,000.
The new collectives – Nedgroup Investments MultiFunds – will be run by Nedgroup Investments (IOM) Limited, Fairbairn Private Bank’s sister company. Fairbairn is involved in the funds’ asset allocation through its membership of Nedgroup Investments’ investment strategy committee. Andrew Yeadon, formerly head of Schroder’s multi-manager team, joined Nedgroup Investments at the beginning of this year as its head of investments.
The Nedgroup Investments MultiFund is a Ucits IV compliant, Dublin-domiciled Oeic that includes balanced, growth and income propositions. There are there sub-funds available in sterling, dollar and euro share classes.
Launched in August last year, the Balanced MultiFund holds 39% in equities, 31% in fixed income, 8% in alternatives, and 5% in property. The balance, 17%, is in cash.
Its top ten fund holdings include the State Street World Equity Index, BNY Mellon Global Bond and the Goldman Sachs Absolute Return funds.
