Wealth Manager - the site for professional investment managers

Register to get unlimited access to 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!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play HSBC's Stephen King warns of 'enormous' Brexit deficit danger

HSBC's Stephen King warns of 'enormous' Brexit deficit danger

Brexit will weaken the economy, fail to boost exports and lessen the country's ability to fund its 'enormous' deficit, according to HSBC's senior economic adviser Stephen King.

Play Premier's Smith: electricity and water can be a good mix

Premier's Smith: electricity and water can be a good mix

Exposing your person to electricity and water simultaneously is ill-advised, but what about your portfolio?

Play Citywire 10k: video highlights

Citywire 10k: video highlights

Citywire held its sixth annual charity run last week, which hosted over 200 people and raised £14,000. Here are the video highlights.

Your Business: Cover Star Club

Profile: how to control your destiny in an age of regulation

Profile: how to control your destiny in an age of regulation

‘RDR was good news to us because it aligned our practices with the industry,’ says Courtiers boss Jamie Shepperd

Wealth Manager on Twitter