OPM launches new funds

OPM Fund Management has launched two new multi-asset funds, a global fund and a target or absolute return vehicle.

The EFA OPM Diversified Target Return fund will be managed by Ross Henderson and will sit in the Absolute Return or Specialist sectors.

It will target annual returns of the Bank of England bank rate plus three percentage points.

The EFA OPM Worldwide Opportunities fund will be run by Tony Yousefian against a FTSE All-World benchmark and will sit in the Global Growth sector. (article continues below)

It can also hold up to 100% of its assets in cash “on a tactical basis”, according to a statement.

Both launches are subject to regulatory approval.