Old Mutual Global Investors is launching a gold and silver fund for Ned Naylor-Leyland in March, subject to regulatory approval.
He will be supported by analyst Joe Lunn and investment administrator, Amelia Bowyer – all three worked together at Quilter Cheviot.
The Old Mutual Gold & Silver fund will be a sub-fund of the Dublin-domiciled Old Mutual Global Investors Series, and will aim to achieve a total return by combining indirect exposure to gold and silver bullion with selected precious metals mining equities, for maximum diversification.
The team will use a bottom-up stock selection process in order to identify companies that should produce positive long-term returns.
Naylor-Leyland says: “In times of market turmoil, monetary metals have consistently been turned to as a safe haven for investors.
“Gold and silver prices have fallen to levels from which they have rebounded strongly in previous bear market cycles and look set to rise again in popularity as an asset class over the course of 2016.”
He joined OMGI from Quilter Cheviot in September 2015, and continues to run its Malta-domiciled precious metals fund.
He joined Quilter Cheviot from Smith & Williamson having started his investment career at Neilson Management in 2001.