Saturday, 30 August 2014
Last updated 15 hours ago
Oct 20 2011 | 9:36am ET
BlackRock will launch a UK equities best ideas fund to be helmed by its co-head of UK equities, Luke Chappell.
Chappell and BlackRock director Imran Sattar will manage the new vehicle—a retail version of the firm’s institutional UK Focus fund—which will be launched this month. The new fund will focus on companies incorporated or listed in the UK.
Currently run in the same format as an institutional mandate, the fund will invest in between 20 to 25 of the managers’ best ideas, without any constraining benchmark.
Chappell and Sattar will be assisted by BlackRock’s UK specialist equity team, which consists of 18 portfolio managers and oversees about £25.5 billion in assets
BlackRock’s head of UK retail, Tony Stenning, told Citywire Wealth Manager the decision to launch the fund was the result of demand from clients, particularly from discretionary and fund of funds managers.
“Everyone is seeking out elusive alpha, which our guys have done year in, year out,” said Stenning.
The fund will launch with a limited initial issue and capacity up to £350 million. Investors can opt for a flat annual management fee of 0.75% or a base fee of 0.35% plus a 20% performance fee for outperformance over the FTSE All-Share index.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...