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
129/150 in Equity - UK (All Companies) (Performance over 3 years) Average Total Return: 23.45%
Peter Askew
Peter Askew
80/470 in Equity - Global Equities (Performance over 1 year) Average Total Return: 8.33%
Elliot Farley
Elliot Farley
163/340 in Equity - Global Equities (Performance over 3 years) Average Total Return: 37.59%
Thomas Ognar
Thomas Ognar
101/168 in Equity - North America (Performance over 3 years) Average Total Return: 56.18%
Citywire TV
Play Biotech Growth: we will ride out this storm

Biotech Growth: we will ride out this storm

Geoffrey Hsu of Biotech Growth Trust says the sell-off in biotechnology stocks represents a buying opportunity for long-term investors.

Play Picton: the UK property hotspots for rental income

Picton: the UK property hotspots for rental income

Picton Property Income CEO Michael Morris reveals how he is planning to ride the ‘ripple effect’ as UK economic growth spills out from the capital across the country.

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

This week Brewin Dolphin's head of research talks to Mike Riddell, fund manager at Allianz Global Investors, about the forces driving bonds markets in a tumultuous week for markets.

Your Business: Cover Star Club

Profile: 'what we are doing at Mosaic is Darwinian'

Profile: 'what we are doing at Mosaic is Darwinian'

The changes in financial services over the last few years may leave some destitute warns Marco Sambucci of Mosaic Money Management

Wealth Manager on Twitter