Cazenove fund rebrand preceeds Nurs launch

Cazenove has re-branded its Multi Manager Diversity Balanced fund as the Cazenove Managed Portfolio.

The £59m Ucits fund’s investment objective remains unchanged.

Meanwhile, the launch of a version of the Multi Manager Diversity Balanced fund, has been pushed back to May, pending FSA approval.

Multi Manager Diversity Balanced will have the same investment process as the existing fund but will be structured as a Nurs (non-Ucits regulated scheme) portfolio.

The new fund will replicate positions in the group’s five other Multi-Manager Diversity funds, all Nurs mandates.

Robin Minter-Kemp, the head of investment funds at Cazenove, says the group is expecting significant flows into the new fund.

“The availability of a wider range of assets should provide an attractive offering for the key investors and we feel that there will be substantial demand for the scheme,” he says.

A spokesperson for Cazenove says the re-branded Cazenove Managed Portfolio will continue to be run as it has “a solid client base and serves a purpose”.