Lansdown-backed venture launches UK funds

Lansdown-backed venture launches UK funds

Channel Island stockbroker Ravenscroft has introduced its range of funds to the UK market. 

Backed by Stephen Landsown, co-founder of Hargreaves Lansdown, Ravensworth has almost £2.9bn of assets under administration. 

The firm’s latest offerings are the IFSL Ravenscroft Huntress Balanced fund and the IFSL Ravenscroft Huntress Global Blue Chip fund, which are intended to reflect their offshore equivalents. 

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In the Channel Islands, the balanced fund has delivered growth of more than 60 per cent over five years to June 2017, annualised at just over 12 per cent and the Global Blue Chip fund has seen an increase of approaching 41 per cent over three years to June 2017, annualised at 13.5 per cent.

Mr Landsown said: “The success of Ravenscroft in the Channel Islands is the ideal springboard for launching its top performing funds onshore. I am looking forward to working with teams in the UK and the Channel Islands, who are some of the best I have seen, as we take this next natural step forward.”

Mark Harries, head of investment management UK at Ravenscroft, said: “What makes Ravenscroft different is its high conviction, global and thematic investment approach. 

“Instead of forecasting political and economical events, we focus on very high quality stocks, and long-term irrefutable trends of changing demographics, increasing wealth and innovation.”

Aaron Strutt, from Trinity Financial, said: “There is a huge amount of money out there, not just in the Channel Islands but all over the globe, and investors are in a prime position to build their portfolios.

"This appears to be an interesting proposition for would-be investors.”