News
24.09.07
Collins Stewart provides Friends Provident International with an exclusive link to its multi manager funds
Collins Stewart announces an exclusive link with Friends Provident International ( FPIL ) with a transfer of assets to a selection of its unfettered multi manager funds in September 2007. The Funds are The Collins Stewart International Balanced and Collins Stewart International Growth, and are run by the multi award winning team of Collins Stewart Wealth Management, headed by Nigel Cuming, Mark Piper and Justin Oliver, supported by over 20 additional investment professionals. The International Growth and Balanced Funds are currently rated AA by S&P.
Collins Stewart will also be providing a full suite of marketing support material for advisers on a bespoke fund microsite accessible at www.collinsstewartfunds.com/fpi/ The Funds are available in both a US dollar and UK Sterling share class.
To date Collins Stewart has been responsible for Friends Provident International s multi manager offering but was restricted to investment in the FPIL mirror fund universe. These mirror funds are currently £50m ($100m) in size (as at end of Aug 07). The Aggressive Funds will continue to be managed in the same manner using the FPIL fund universe.
Jim Henning, Funds Research and Marketing Manager at Friends Provident International said:
"Our long and highly successful relationship with Collins Stewart combined with our aim of
providing the most innovative product range has resulted in this modernisation of our multi
manager offering. These new funds have a wider asset class mandate, most notably Hedge Funds,
Agricultural Commodities and Gold Bullion. Investors will benefit from Collins Stewart s ability to
select from a greater fund range universe, added flexibility and increased style diversification whilst
retaining a similar risk profile to the original fettered funds."
Andrew Finch, Sales Director, Collins Stewart Wealth Management, said: "We are delighted to be extending our successful and longstanding partnership with Friends Provident International whose reputation in the marketplace is exceptional. Friends Provident's investors now have the opportunity to access a range of globally diversified, actively managed multi-manager portfolios.
Our philosophy is to think like the owner of the assets. As active investors our overall aim is to achieve protection on the downside and maximise returns on a risk adjusted basis in rising markets, with a bias towards producing consistent and attractive absolute total returns.
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