Welcome to our new website! Let us know what you think..

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Brooks Macdonald founder Gumpel to lead income fund in twin launch

Brooks Macdonald founder Gumpel to lead income fund in twin launch

Brooks Macdonald Funds is adding two income products to its range of Dublin-domiciled funds, with founder Jon Gumpel to manage the new defensive income product.

The Defensive Capital and Income fund (DCIF) builds on Brooks Macdonald’s existing £100 million Defensive Capital strategy.

The fund will be run by Gumpel (pictured), a founder of Brooks Macdonald and Robin Eggar, using a similar defensive investment strategy while also targeting income.

Gumpel has worked in the industry since 1986 while Eggar has managed client portfolios and pension funds with a focus on defensive assets for 12 years.

Gumpel said: ‘DCIF offers risk-averse investors access to an attractive range of defensive assets including structured notes, preference shares and convertible loan notes.

‘The existing strategy has built a strong track record and with the income feature in the new fund we believe it will attract bond investors who want to reduce interest rate risk and combine fixed returns with equity upside.’

The firm has also launched the Global Equity Income fund for Toby Thompson, with the aim of delivering income and capital growth.

Thompson, who has over 20 years’ investment experience managing equity income, said: ‘This fund offers investors access to an attractive asset class; high quality, higher yielding equities have a long term record as a strong performing asset class and there is every reason to believe this will continue in the future.'


Leave a comment
Citywire TV
Play BlackRock UK Special Sits: when will we sell our star holdings?

BlackRock UK Special Sits: when will we sell our star holdings?

What would prompt Roland Arnold to sell the likes of Ashtead and Howden?

Play AA-rated Lofthouse: 'maverick' tobacco settlements won't stop M&A

AA-rated Lofthouse: 'maverick' tobacco settlements won't stop M&A

Henderson International Income trust manager Ben Lofthouse shares his thoughts on recent developments in the tobacco sector in this video.

1 Play Renewable energy: what I found on my solar farm trip

Renewable energy: what I found on my solar farm trip

Renewable energy is attracting a lot of investor interest, so I headed to the UK's largest solar farm to find out more.

Your Business: Cover Star Club

Profile: how Matthew Butcher is carving a new role at Dart Capital

Profile: how Matthew Butcher is carving a new role at Dart Capital

The wealth management industry is undergoing a profound period of change: whether it wants to admit it or not.

Wealth Manager on Twitter