Cazenove Unveils Balanced Diversity Fund Of Funds

May 25 2012 | 3:20am ET

Cazenove Capital Management has launched its third "diversity" fund of funds.

The new balanced fund can invest up to half its assets in alternative asset classes, the firm said. The new fund is managed by Marcus Brooks and Robin McDonald, the former Cazenove's head of multi-manager funds.

Brooks and McDonald will determine an asset allocation before hiring fund managers to fill the slots.

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