The feeder fund will provide investors with an offshore alternative to the company’s existing UK OEIC offering and will be available in the sterling, euro and dollar share classes.
Launched in April 2009, the Kennox Strategic Value Fund has £261m (€326m, $442m) in assets under management and has made 23.9% return over the last three years, two percent under the average for its sector.
It is managed by Charles Heenan and Geoff Legg, and has an initial management fee of 5%.
The fund’s aim is to “protect and increase the long-term buying power of its shareholders’ capital” and it primarily invests in Europe’s telecom, media & technology market.
The fund operates an unconstrained approach and is designed to deliver long-term returns through a bottom-up, contrarian investment style.
Last October, the company adopted a UCITS structure for the fund in order to distribute it into mainland Europe.
Managing director at Kennox, Peter Boyle, said the launch reflects the continued demand for its strategic value proposition.
“[The feeder fund] means that our investment team can focus on running one portfolio while responding to client demand," he added.
Based in Edinburgh, Kennox is an independent, management owned investment manager which currently focuses solely on its strategic value fund.
