UK - Gartmore Investment Management has launched a core-satellite global equities fund.
Gartmore says the fund can be tailored to specific risk/return objectives set by schemes.
The fund, which was seeded in August 2003, is run by Gartmore’s global equities team and is supported by its quantitative research team.
Gartmore claims that it can meet schemes’ performance targets by combining a concentrated satellite portfolio of up to 40 stocks with a broader, quantitative managed core portfolio.
Gartmore’s concentrated global equities fund has outperformed its benchmark, the MSCI World index, by 29.6% since its launch three years ago. Head of global equities Neil Rogan said: “We believe this core-satellite approach plays to Gartmore’s strengths and will enhance our prospects for outperformance.
“By combining these two complementary investment strategies we tailor our app-roach to each of our client’s unique requirements, and we offer them ‘the best of both worlds’; an active ‘satellite’ and a quantitative ‘core’.”
Hyperbolic discounting and political temptation: Why Brexit-fuelled AE reversal would be a 'monumental' mistake
The home secretary has suggested AE should be scrapped in the event of a no-deal Brexit. Darren Philp explains why this would be misguided
The trustees of the Kodak Pension Plan No.2 (KPP2) have said it will likely enter the Pension Protection Fund (PPF) in "due course" after reviewing the scheme's investment in Kodak Alaris.
A US company has completed a £285m pensioner bulk annuity for around 1,100 of UK members with Legal & General (L&G).
Former BHS chief Dominic Chappell has been accused of trying to rewrite history as he seeks to overturn a conviction for failing to hand over information to the regulator.