Harrington Cooper to distribute Barclays' UK Radar fund

Barclays Capital has appointed Harrington Cooper to boost its fund distribution capability for the launch of its onshore Radar fund , based on its successful offshore version. 

Harrington Cooper, the third-party sales specialist firm who also distributes Eclectica funds , will support Barclays in launching the IFSL Barclays Radar fund, a UK-domiciled version of its research analysis driven Absolute Return fund.

The fund, which is being launched in March, employs the same investment strategy as the offshore fund.

The UK-domiciled version aims to provide positive absolute returns over rolling 12-month periods, and is managed by the Barclays Capital Fund Solutions portfolio management team, who draw from Barclays Capital research to create their tactical asset allocation strategy.

The fund’s asset allocation is also determined through macro-economic and market analysis of a diversified pool of global assets. The fund can invest in a range of asset classes, including global equities, bonds, commodities and currencies.

Harry Dickinson, partner at Harrington Cooper, said: ‘ As a credible and proven strategy clearly differentiated from its peers, the Radar funds fulfil all our criteria for representing fund manager capabilities and this is a great opportunity to help the Barclays Capital team build demand in the UK market.’

The Barclays Capital Radar fund returned 36.2% over three years to the 24 February, compared with the benchmark’s 2.7%.