Equity Income  

Albion brings OLIM income fund to retail market

Albion brings OLIM income fund to retail market

Albion Capital is to rebrand the equity income fund it acquired from OLIM last year, opening it to retail investors for the first time.

The SVS Albion OLIM UK Equity Income fund will be available to retail investors as part of Albion Capital’s bid to diversify away from its venture capital trust (VCT) roots.

The fund, which was previously named Close OLIM UK Equity Income, had only been available for OLIM’s high net-worth private clients prior to the rebrand.

Managed by Angela Lascelles, Simon Jaffe and Andrew Impey, the fund has narrowly outperformed the IA UK Equity Income sector average in the past one, three and five years.

Albion Capital acquired the fund last year as part of its deal to purchase OLIM Investment Managers and its £490m in assets under management from Close Brothers.

In addition to the equity income fund, OLIM Investment Managers also runs the Charity Value and Income fund and the Value and Income Trust.

The push to bring in retail investors is the latest effort in Albion’s rebranding strategy, which saw the firm change its name from Albion Ventures last month. The firm has also branched out into other niche investment areas, such as community-scale renewable energy projects, in recent years.