|Bid Price||-||Offer Price||-|
|Mid Price||GBX 92.88||Day Change||GBX -0.28 (-0.30%)|
|Price Date||20 Nov 2017||Crown Rating|
|Shares Class||Inc.||Yield||0.00 %|
|Total Expense Ratio||1.00||Fund Size||25,700,000.00|
|Launch Date||17/12/2014||Standard Initial Charge (%)||3.00|
|Annual Management Charge (%)||0.75||Sector||IMA UK Equity Income|
|Min Investment (£)||5,000,000.00||Total Expense Ratio (%)||1.00|
|ISIN||GB00BTC2N296||Min TopUp (£)||0.00|
The objective of the Fund is to achieve positive real returns with lower volatility than the AllShare Index. The Fund will seek to achieve returns that are 2% p.a. in excess of the UK RPIX, though there is no guarantee that it will do so. Investors should note that capital is at risk, and, while the Fund aims to achieve positive returns over each year, there is no guarantee that it will do so over that, or any, time period. The portfolio will consist principally of listed equity securities issued by companies established or operating in the UK and derivative instruments which may give either long or short exposure to listed equity securities. The Investment Manager intends to adopt both long and short strategies in its management of the Fund, adopting the firm’s Business Cycle Approach.
Tim Russell was head of pan-European equities at Cazenove Capital Management from 2003 to 2011. He joined Cazenove from HSBC Asset Management where he was head of UK equities from 1998 to 2002, prior to which he was in a similar role at Lazard Asset Management from 1992 to 1998. Prior to joining Lazard in 1992, Tim was awarded the Roy Wright Studentship, sponsored by Rio Tinto plc, which enabled him to spend two years in industry in marketing, financial and strategic roles. He started his career in 1985 as a corporate finance executive with Merrill Lynch (Europe) before joining UBS Phillips & Drew as an institutional salesman. He graduated from Keble College, Oxford University with an MA (Hons) in Politics, Philosophy and Economics. The Cazenove UK Absolute Return Fund managed by Tim was shortlisted for the UK hedge fund of the year award by Eurohedge in 2004, 2008 and 2011, and won in 2011. His HSBC UK Growth & Income and Cazenove UK Growth & Income funds each achieved a AAA rating from Standard & Poor's.