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Hasley launches multi-manager range for Philbin
by Danielle Levy on Feb 22, 2013 at 07:41
Hasley Investment Management is seeking to strengthen ties with intermediaries with the launch of a volatility targeted multi-manager range, alongside a suite of specialist single manager funds.
The four-strong multi-asset risk-graded multi-manager range is to be run by Richard Philbin (pictured), who joined the Hasley team in 2012.
Subject to FSA approval, each fund will have a volatility band with a specific risk budget for each fund. For example the Multi-Strategy Portfolio 1 fund at the more defensive end of the spectrum will target a 0-4.5 standard deviation range, while the Multi-Strategy IV fund for adventurous investors will target a range of 15-19.5.
Underpinning the fund selection and asset allocation, Hasley has developed 'Investors RouteMap' which analyses 2,500 data points and 125,000 algorithms on a monthly basis.
Commenting on the rationale behind the launch of the multi-manager range, Philbin said in a statement: 'The key differentiator between how we manage money and the rest of the market is that we focus on volatility rather than risk.
'This allows us total flexibility because we are not bound by rigid asset allocations. Each of my portfolios operates to a strict volatility band so the client always knows what they are actually getting. This gives me a specific ‘risk budget’ for each fund, within which I have the freedom to pick the most attractive assets possible.'
The single manager funds, meanwhile, will be sub-advised by Alastair George of Swiss-based Infinite Variance, and Hywel George of Integral Asset Management.
The Elite Hasley Best Ideas Portfolio, run by George, will target cautious investors and aim to deliver a 7% return with on average half of the volatility of the FTSE 100. George can invest in equities, bonds, cash and commodities and funds.
The Elite Hasley Focused fund, run by Integral Asset Management, will be a portfolio of 15-20 ETFs that are likely to be country or regional or equity market ETFs, favouring physical where possible.
The portfolio turnover is estimated to stand at approximately 10-15% per annum. The fund is not leveraged and managers will have an absolute return mindset and intend to drive returns through asset allocation.Jeremy Nunn, a founding partner of Hasley said: 'The response we have had from our intermediary contacts thus far has been terrific. It is true to say that none of the investment models behind our single manager funds is available elsewhere in a fund structure.'
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