MeesPierson Launches Guernsey Fund
Wednesday, April 28, 2010
MeesPierson Asset Management (CI) Limited has announced the launch of a new multi-asset fund of funds targeted at both institutional and private investors.
The Diversified Opportunities Fund will be the first unitized offering from the offshore business and will have UK reporting status, giving legitimate tax advantages to some investors.
“The Guernsey-registered open-ended structure will focus on providing investors with stable long-term growth by using collective investment schemes and exchange-traded funds to achieve a broad spread of asset classes and geographic diversity,” MeesPierson explained in a statement.
Fund manager Jason Robilliard said of the fund:
“The market at the moment is being driven by the need for more stable returns. With a highly diversified investment strategy we aim to create a smoother performance profile, whilst still providing the potential for attractive long-term returns for our investors.
“Having launched our discretionary management service some three years ago, the team here at MeesPierson in Guernsey have built up a solid track record despite facing very testing times and we believe that the time is right to launch a unitised version of this service.”
According to MeesPierson, the fund will appeal to investors with insurance wrappers and pension schemes. Further, the firm noted the establishment of two share classes, to reduce barriers to entry for individual investors. The retail share class has a minimum investment of GBP10,000 (USD15,465), whilst the institutional class has a minimum investment of GBP250,000. |
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