SimplyBiz in Verbatim link-up with multi-managers
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SimplyBiz is partnering with multi-managers at five investment firms, including Henderson New Star, Ignis, Architas and Schroders, to run funds for its new investment firm Verbatim.
Last week, Money Marketing, Fund Strategy’s sister publication, revealed that SimplyBiz was launching Verbatim in February. This offers members free access to an independent risk-profiling and financial planning tool powered by Distribution Technology.
Five multi-manager teams, including Henderson New Star’s Craig Heron, Ignis’s Simon Mungall and Schroders’ Andrew Yeadon, will run the funds within predetermined risk and volatility parameters, with an annual management charge of 1.4%.
SimplyBiz is in the final stages of negotiation with the fifth investment partner.
Readers' comments (2)
Kevin Kress | 7 Feb 2010 9:44 pm
New Star 4th quartile for cautious fund.
Ignis underperformed since launch.
Schroders cautious fell 30% in 2008, but is the best of this lot. 59 out of 104 in the sector.
Architas is not 4th quartile, in cautsous sector, but has underperformed dramatically. 77 out of 104 in the sector..... I wonder who they have line up to fill out this roster?????
this is a list chosen by a marketing person, not someone who knows investment.
terrible idea. For this to work, you need a sophisticated risk model...not a motley collection of under-performing managers
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Eban | 8 Feb 2010 4:49 pm
I must say I am surprised by this. Different managers for different risk levels. There will be times when the cautious manager is bullish, and the balanced manager is bearish - so cautious portfolio will end up with more risk than the balanced portfolio. That will be very difficult to explain to clients. Also looking at performance, as Kevin pointed out, it is very poor form the managers selected.
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