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.

Former AAA-rated manager to head cancer breakthrough fund

Former AAA-rated manager to head cancer breakthrough fund

Former Citywire AAA-rated Ian Lancaster’s (pictured) Cogent Asset Management has been selected to manage a cancer breakthrough fund that invests in treatments that are in late-stage development. 

The fund, which is being advised by specialist consultants Keyholder Investments, was launched by Luxembourg-based Luxif Management.

The fund manager is targeting between £300 million and £500 million and will be investing in six to eight assets.

The fund expects to return an average of between 3% and 10% per annum net of fees, over a five to seven year investment horizon.

Cogent Asset Management was launched by Lancaster in 2013. Prior to Cogent he had spells at Axa, Aviva and Reliance among others.

‘Cogent Asset Management is very excited to have been chosen to help design the innovative and unique Cancer Breakthrough fund,’ said Lancaster.

The fund will focus on downside protection and is aiming to achieve long-term capital appreciation and preservation of capital while lowering volatility.

Minimum investment is £10,000 and it has three share classes. Class A has a management fee of 1.5% while Class B and C will charge 0.5%.

‘The fund will enable investors to gain exposure to the potential high returns from the commercialisation of new wave targeted cancer therapies, without the high risk normally associated with such investments.

‘This is achieved by allocating the majority of assets to cancer research, whilst diversifying the remaining assets across a broad range of securities and individual funds,’ Lancaster said.

‘This pioneering strategy aims to achieve consistent and sustainable returns while lowering the volatility as compared to conventional high-risk biotechnology funds.’

Examples of treatments the fund will invest in include Vaccicure, which in clinical trials has been shown to inhibit and subsequently slow, or arrest, the growth of pancreatic, gastric and subsequently other cancers.

The investment in the fund is available through Capital Group International and Cornhill Management.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
CIO Tapes 2: two warnings and a lot of optimism

CIO Tapes 2: two warnings and a lot of optimism

Our group of leading asset management CIOs see a lot of opportunities – and overseas investors are buying UK too

Play Wealth Manager Retreat 2017: size isn't everything

Wealth Manager Retreat 2017: size isn't everything

We asked our delegates at the Wealth Manager Retreat what they think about the recent wave of consolidation in the industry.

1 Comment Play CIO Tapes - part 3: 'passive funds are anti-capitalist'

CIO Tapes - part 3: 'passive funds are anti-capitalist'

Citywire recently gathered three of the UK's leading fund investment heads to discuss their hopes, fears and the issues that their jobs throw at them daily.

Read More
Your Business: Cover Star Club

Profile: Kleinwort Hambros' boss on how to manage five banks

Profile: Kleinwort Hambros' boss on how to manage five banks

Welding together Kleinwort and Hambros – two of Britain’s most historic banks, founded in 1786 and 1839 respectively – was always going to be a challenge.

Wealth Manager on Twitter