Wealth Manager - the site for professional investment managers

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

Rice & Russell receive FCA approval for new funds

Rice & Russell receive FCA approval for new funds

The Financial Conduct Authority (FCA) has approved four new funds from Sanditon, the firm created by former Cazenove managers Tim Russell and Chris Rice.

The four strategies – long only and long/short UK equity funds for Russell (pictured), and long only and long/short European equity funds for Rice – are now expected to launch formally later this year.

Operated by Thesis Unit Trust Management, the pair of absolute return funds are called Sanditon European Select and Sanditon UK Select, while the long-only products have been named the Sanditon European fund and Sanditon UK fund.

As Wealth Manager revealed last year, the duo have adopted the Lindsell Train model, establishing an investment trust that provides investors with a stake in their new boutique.

This trust hit its target of raising £50 million when it floated earlier in the year.

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 Volatility is back, Europe's future & Ethical's key moment

Volatility is back, Europe's future & Ethical's key moment

This week’s episode of Investment Pulse takes a look at European prospects, FTSE volatility and whether public pressure is about to provide a push for ethical investment

Play Volatility spike: How ETFs can soften the blow

Volatility spike: How ETFs can soften the blow

ETFGI’s Deborah Fuhr discusses the role of ETFs in client portfolios during volatile market conditions

Play Winter market warmers, the post QE world and timing the Fed

Winter market warmers, the post QE world and timing the Fed

This week’s episode of Investment Pulse looks at the winding down of quantitative easing, whether to try and time a US Federal Reserve rate rise and if strong seasonal performers can reverse recent market slumps

Wealth Manager on Twitter