On paper this is an interesting fund. The primary aim of the fund is to deliver a return through investing in boutique investment houses’ funds which are not always available to the retail investor. By accessing these funds through this structure, the managers of the fund believe investors are investing in some of the most talented fund managers, a tight disciplined process and managers whose interests are aligned to that of their clients.
The argument is that over time these funds tend to outperform their retail counterparts, although there will be periods when the investment style is out of favour. Their role is to dig out and find those hidden gems. The process is one anyone could look at and agree makes sound sense; they look at the size of the fund (small is good), the freedom the manager has, the alignment to investors whether through investing in the fund or company and the experience of the manager….read more