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Duffield's return accelerates with Brompton triple fund launch
by Eleanor Lawrie on Jan 24, 2014 at 11:08
John Duffield’s (pictured) Brompton Asset Management is expanding its reach into the retail market with a triple global multi-manager fund launch, just weeks after acquiring the Way Group’s multi-asset range.
The planned triple launch will bring Brompton’s global multi-manager range to six.
It has launched the Global Balanced fund, a multi-manager Oeic that replicates the firm’s private clients balanced strategy.
Meanwhile, launches of conservative and growth funds are in the offing and are currently being seeded with private client money with an initial target of £5 million per fund.
All of the funds will be run by the multi-asset team, headed by chief investment officer Gill Lakin. The firm has hired Sean Standen from Barclays to assist, with a view to him becoming a fund manager at a later stage.
The six-strong suite of funds will stand alongside the £148 million Way range of three global funds, which Brompton acquired in December.
The company is also seeking opportunities to run model portfolios for advisers, adding to the range it currently runs for Moneywise.
All three existing Brompton global funds have outperformed their benchmarks since launch. For example, the Brompton Global Opportunities fund has returned 17.2% compared to 16.8% by the IMA flexible investment sector.
Brompton Asset Management was founded by Duffield in 2009, after New Star Asset Management, the business he founded, collapsed. Prior to this he founded and ran Jupiter.
Standen was previously an investment adviser in Barclays’ global Banking & Investments Solutions division, and prior to this he worked at Barclays Wealth as a quantitative analyst.
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