Diversified Growth Funds – DGFBT98

Diversified Growth Funds
Assisted Search DGFBT98
Deadline: Friday 17th May 2019

A UK investment consultant, specialising in advice to the trustees and sponsors of UK pension schemes, is running an Assisted Search with 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 funds mandate searches that the consultant is appointed to conduct over the next year.

All funds being proposed must be listed in CAMRADATA Live and returns must be up to date i.e. to 31st March 2019.

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 quick as possible.

Assisted searches are run on behalf of institutional investors with specific search requirements. You are able to participate in this and all other Assisted Searches if you subscribe to CAMRADATA Live.

Deadline Friday 17th May 2019
Asset class Institutional Diversified Growth Fund. Defined benefit and/or defined contribution
  1. Pooled Fund
  2. GBP Share Class
  3. Fund open to new investors
Track Record / Establishment The Fund should be over £50m and having a track record of 12 months or more will be advantageous.
Client Base Your fund should have at least ten investors with the largest client holding no more than half the fund.
Performance Target At least LIBOR +4 or 5% or inflation + 4 or 5%. Funds with LIBOR +3% (or less) will not be considered.
Investment The fund must be able to accept mandates of £5m. 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.
Fee Level For 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.
Additional info Manager Research days will be held at the CAMRADATA offices on 25th and 26th June 2019.