Armstrong Investment Managers wins Dynamic Assets funds

The board of Dynamic Assets Managed funds has selected Armstrong Investment Managers (AIM) to manage its £184 million Dublin-domiciled umbrella.

As part of the deal, fledgling boutique AIM will replace GAM and Sarasin on five funds within the umbrella - Dynamic Balanced Income Growth, Dynamic Growth, Dynamic Select Global Equity, Dynamic Euro Conservative Growth and Conservative Growth, which will be managed according to the firm's IM Armstrong Diversified Real Return fund.

AIM has chosen to stick with Investec and Premier on the umbrella's cautious and UK equity income funds.

Stephen Tucker, managing director of Fry Group which distributes the Dynamic range, worked with AIM's founders - Dr Ana Armstrong and Patrick Armstrong - in their previous roles as head of Insight's multi-manager business. He underlined why he revived the relationship.

'With interest rates so low and likely to remain low for some time, our clients are searching for ways to earn additional income from their savings without taking on too much extra risk,' Tucker said.  

'AIM’s multi-asset investment approach provides the solution because they focus on delivering absolute returns in a carefully risk-managed way.'

Dr Ana Armstrong, joint managing partner of AIM, added: 'We established our business to focus on global macro multi-asset investment solutions and our priority is to deliver market leading, risk-adjusted, inflation beating returns for our clients.'  

According to Lipper, the Armstrong Diversified Real Return fund has returned 6.6% since its launch on 19 January to 28 May 2010 and sits at the top of the IMA cautious managed sector over this period,