The two funds are the MAP Conservative Fund and the MAP Moderate Fund which both have more than $100m of client investments – part of a range of three multi-asset funds offered by Frontier. The funds have a seven year track record and are available through Friends Provident and Royal Skandia. Frontier said it plans to launch the share classes at the end of this month or beginning of February.
The Cayman-domiciled funds, which are both managed by Marc-Phillipe Davies, offer investors a multi-asset approach to investment, with the portfolios allocated to a wide range of asset classes and sectors. The portfolios are allocated only once a year, as the company takes a long term strategic view.
The asset allocation for both funds, according to a factsheet published at the end of December 2012 was: 20% managed futures, 18% hedge funds, 16% global bonds, 13% global equities, 10% commodities, 10% real estate, 7% emerging bonds and 6% emerging equities.
The slightly more aggressive vehicle, the Moderate Fund, is 100% leveraged therefore providing the investor with the potential for double the gains and, conversely, double the losses of the Conservative Fund.
As at the end of December the Moderate Fund had returned 8.06% over a 12 month period, with the Conservative Fund having returned around half that at 4.2%.
In September last year, Frontier hired David Scammell as senior business development manager from Friends Provident International where he was regional sales manager for Singapore, with a view to increasing its business in the city state.
