Diversified Growth Funds – DGF050723 – Deadline: Tuesday 31st July

A UK investment consultant, specialising in providing independent advice to the trustees and sponsors of UK pension schemes, is running a search on CAMRADATA for Diversified Growth Funds. This search is being initiated with the intention of reviewing their current ratings on DGF products and, to also ensure that appropriate funds are not being missed. The most successful managers will be buy-rated and form the panel of funds to be used for new diversified growth fund mandates over the next year. All funds being proposed must be listed in CAMRADATA Live, and returns must be up to date.

Please note: WE NO LONGER ACCEPT QUESTIONS OVER EMAIL. Please post any questions regarding this search onto the CAMRADATA Live ‘Assisted Searches Forum’ and we will endeavour to answer these as quickly as possible.

If you would like to put a fund, or a number of funds, forward for this search, then you must, in the first instance, contact CAMRADATA with the name of the fund that you would like to propose by Tuesday 31st July 2023, with detailed information to be available by Monday 7th August 2023. Successful managers will be invited to present on Tuesday 5th September 2023 or Wednesday 6th September 2023.

Asset ClassInstitutional Diversified Growth Fund. (Defined benefit and/or Defined Contribution)
DeadlineTuesday 31st July 2023 for the submission of the Fund name. Monday 7th August 2023 for the provision of detailed analysis (providing data to 30th June 2023).
StructurePooled Fund Available – GBP Share Class – Fund open to new investors.
Track Record / EstablishmentThe Fund should be over £50m and having a track record of 3 years or more would be advantageous.
Client BaseYour fund should have at least ten investors with the largest client holding no more than half the fund.
Performance TargetAt least SONIA +3.5 or 4% or inflation +3.5 or 4%.
Size of MandateThe fund must be able to accept mandates of £1m. If the minimum size of acceptable mandate is lower, this will be to the manager’s advantage. We are keen to hear whether smaller initial investments will be accepted, either as standard or as a one-off consideration.
Environmental, Social and GovernancePlease demonstrate the ESG considerations for the Funds.
Investment PlatformsPlease state which investment platforms are hosting your Diversified Growth Funds.
Fee LevelFor the provision of services appropriate for defined contribution schemes we are interested in Funds that have a TER of 0.75% pa or less. However, for DB mandates we will consider funds with fee levels that are above this level but no more than 1%pa. The chosen managers will be required to offer preferred terms for investments via platforms where more than one scheme is investing via the same platform i.e. apply a group discount to standard terms.
To submit a fund please email us at assistedsearches@camradata.com with the names of your fund(s) along with the additional questions here