Wealth Manager - Essential news for investment professionals

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

Heronbridge to soft-close UK strategy

Heronbridge to soft-close UK strategy

Heronbridge Investment Management is capping its assets at £1 billion by imposing a waiting list for those wishing to invest in its UK strategy.

A spokesperson confirmed the company did not wish to manage assets over the £1 billion mark in order to protect performance. While the £582.2 million Jersey-domiciled Heronbridge UK Equity fund is managed by William Bevis Comer, the company is nearing £1 billion due to a number of segregated mandates that it runs.

Over the three years to the end of November it has returned 69.1% compared to a 37.1% rise by the Lipper Global Equity UK sector average. 

'We are managing the capacity of our fund and of our programme in order to maintain the size of our investment universe and therefore protect performance,' a representative for the Bath-based boutique said.

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 Sarasin’s Boucher: why I like salmon with chocolate

Sarasin’s Boucher: why I like salmon with chocolate

Henry Boucher, manager of the £129 million Sarasin Food & Agriculture Opportunities fund, explains why he is gobbling up salmon and chocolate stocks.

Play Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Libby Ashby and leading wealth managers analyse what the Alibaba IPO hype means for Chinese equities, slowing growth of the UK economy and whether there’s anything left to play for in the European sovereign bond market.

Play Tesco, Japan and the rise of the central banker

Tesco, Japan and the rise of the central banker

 Libby Ashby and leading wealth managers scrutinise the food retail sector, Japan’s consumption tax hike and political risk in the markets.

Your Business: Cover Star Club

Veteran banker boosts Sanlam’s stockbroking team

Veteran banker boosts Sanlam’s stockbroking team

A veteran private banker has been recruited by Sanlam Private Investments to strengthen its advisory stockbroking team.

Wealth Manager on Twitter