InvestmentsJun 1 2015

Sanditon confirms new launch for Julie Dean

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Sanditon confirms new launch for Julie Dean

Sanditon Asset Management has revealed the details of its new UK equity fund for Julie Dean, to be launched on June 22.

The eagerly-anticipated TM Sanditon UK fund will be run according to the group’s business cycle approach and will aim to return 2 per cent per year in excess of the FTSE All Share index over a rolling three year period.

On the retail share class the annual management fee will be 0.75 per cent, while the ongoing charges figure will be 0.86 per cent.

The fund launch means Ms Dean will be pitted against former colleague Matt Hudson, who took on the manager’s UK Opportunities fund on her departure and also employs the business cycle approach.

Ms Dean said: “I will manage this new fund following exactly the same business cycle philosophy I have used for more than 15 years, an approach whose key characteristic is understanding correlation of returns and which remains as powerful as it has ever been.

“I am confident that this process will continue to generate very competitive returns and that my new fund will be a compelling new entrant in the IMA UK All Companies sector. I look forward to commencing the joust!”