Boutique RMG Wealth Management has launched an offshore, global multi-asset fund, the RMG Real Return fund.
The fund, domiciled in Guernsey, will be managed by Stewart Richardson, chief investment officer of RMG Wealth.
The fund has been launched with £13.1m in assets under management and will target “positive returns regardless of the direction in financial markets”.
Stewart Richardson says: “The global economy is facing some major headwinds this year which is likely to lead to volatile markets.
“We believe a simplified strategy of ‘sell the euphoria and buy the hysteria’ will be successful, meaning tactical investment management is the key.”
He adds: “Financial markets are emotional, and individuals make emotional investment choices, especially at market extremes.
“Understanding this gives us a sense of perspective and facilitates making a logical asset allocation for the RMG Real Return fund.”
David Man, partner and head of business development, says: “Longer term, RMG Wealth aims to launch a range of funds and manage more mandates by cementing our reputation as a global macro, tactical investment manager that protects capital and grows assets.”
The fund is available in sterling and US dollar share classes, with a minimum investment of £10,000 or $10,000.