UK - Stockbroker Brown Shipley is targeting pension schemes as part of its attempts to break into the UK institutional fund management market.
The firm, which is established in the retail market through its Solus fund range, will be targeting schemes that are interested in discretionary management with its UK equities fund, the Solus UK Flagship Fund.
The fund will contain around 40 stocks and seek to outperform the FTSE All-Share Index.
Brown Shipley will also target schemes with its Asian Equities Fund, the Solus Eastern Enterprise Fund, and its Solus Special Situations Fund, which will be aimed at schemes that have a greater appetite for risk with their UK investments.
The firm’s investment strategy is determined by a seven-strong investment policy committee which, in addition to monitoring UK and international equities, fixed interest and collective investments, maintains an actively managed list of preferred holdings.
Solus UK Flagship Fund manager Paul Morgan said this meant schemes would not have to worry about any deviations from the agreed strategy.
He added: “The benefit of this approach is you stick rigidly to the investment process and methodology. We will not be forced into knee-jerk reactions, which is something one person in charge of a fund could succumb to, if the stock selections do not perform well initially.”
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