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.

Duffield's return accelerates with Brompton triple fund launch

Duffield's return accelerates with Brompton triple fund launch

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.

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 Mark Barnett - part 2: why I'm not buying Lloyds

Mark Barnett - part 2: why I'm not buying Lloyds

In the second part of our exclusive video interview, Barnett explains why he has no intention of buying Lloyds, and where he sees the greatest income opportunities.

Play Wealth managers reveal the best investment ideas of the year

Wealth managers reveal the best investment ideas of the year

From robotics to impact investing, wealth managers share the best ideas they have heard this year.

Play Baillie Gifford's Earnshaw on Xi Jinping's 'new era'

Baillie Gifford's Earnshaw on Xi Jinping's 'new era'

Sophie Earnshaw talks through what Xi Jinping's 'new era' means for investors. and why Chinese tech offers some of best growth stocks in the world.

Read More
Your Business: Cover Star Club

Profile: JM Finn on why the future is with financial planners

Profile: JM Finn on why the future is with financial planners

There is a lot of work on pension consolidation and Sipps have been a big driver there, says JM Finn chief executive

Wealth Manager on Twitter