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.

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.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Related Fund Managers

Julie Dean
Julie Dean
126/160 in Equity - UK (All Companies) (Performance over 3 years) Average Total Return: 13.80%
Peter Askew
Peter Askew
189/479 in Equity - Global (Performance over 1 year) Average Total Return: -0.80%
Elliot Farley
Elliot Farley
165/345 in Equity - Global (Performance over 3 years) Average Total Return: 21.37%
Thomas Ognar
Thomas Ognar
105/179 in Equity - North America (Performance over 3 years) Average Total Return: 35.12%
Your Business: Cover Star Club

Profile: JPM Wealth MD on breaking the glass ceiling

Profile: JPM Wealth MD on breaking the glass ceiling

During her tenure at JP Morgan, the private bank has changed the way it segments clients in a bid to improve focus

Wealth Manager on Twitter