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T Bailey multi-manager funds to cut fees

T Bailey multi-manager funds to cut fees

T Bailey is to reduce the annual management charge on its three funds of funds, Wealth Manager can reveal.

Each of the T Bailey Growth, T Bailey Dynamic Cautious Managed, and T Bailey Defensive Cautious Managed funds will cut the fees on their institutional units from 0.75% to 0.6%, subject to regulatory approval.

‘It’s a reasonable price for something you couldn’t put together yourself,’ said the funds’ co-manager Peter Askew (pictured).

The two Cautious Managed funds will also be rebranded simply as T Bailey Dynamic and T Bailey Defensive.

Askew and co-manager Elliot Farley have tended to invest in a variety of lesser-known star funds, such as Citywire AA-rated Thomas Ognar’s Wells Fargo All Cap Growth, alongside highly regarded vehicles like AAA-rated Julie Dean’s Cazenove UK Opportunities.

Since its launch in 1999, the £177 million flagship T Bailey Growth fund has returned 105% compared with an average of 52% from the IMA Global sector. It is also ahead of the peer group average over three and five years.

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Julie Dean
Julie Dean
15/155 in Equity - UK (All Companies) (Performance over 3 years) Average Total Return: 75.64%
Peter Askew
Peter Askew
94/186 in Mixed Assets - Balanced (Performance over 3 months) Average Total Return: 1.22%
Elliot Farley
Elliot Farley
94/128 in Mixed Assets - Balanced (Performance over 3 years) Average Total Return: 22.27%
Thomas Ognar
Thomas Ognar
44/69 in Equity - North America (Performance over 3 years) Average Total Return: 58.27%
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