View the article online at http://citywire.co.uk/wealth-manager/article/a721967
T Bailey multi-manager funds to cut fees
by Robert St George on Dec 02, 2013 at 14:45
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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- T. Bailey Growth Institutional Acc
- T. Bailey Dynamic Cautious Managed Inst Inc
- T. Bailey Defensive Cautious Managed Retail Inc
- Wells Fargo (LUX) WW US All Cap Growth A GBP
- Cazenove UK Opportunities B Acc