Hawksmoor launches Global Opportunities fund

Hawksmoor launches Global Opportunities fund

Hawksmoor Fund Managers are launching a Global Opportunities fund on Tuesday (18 September).

The fund, which will be managed by Daniel Lockyer and Ben Conway, will sit in the IA Flexible Investment sector and will target investors with a higher tolerance for risk due to its minimum exposure to equities of 60 per cent.

To ensure the overall ongoing charges figure (OCF) is in line with the company's larger
existing funds - Vanbrugh Fund (launched in 2009) and the Distribution fund (launched in 2012), Hawksmoor is capping the administration costs and paying legal set-up costs.

According to Daniel Lockyer, senior fund manager at Hawksmoor, the catalyst for the launch of the Global Opportunities fund now is due to a combination of factors.

He said: "First, many financial advisers who currently use the Vanbrugh and Distribution funds as core holdings in their own risk-rated model portfolios have indicated a desire for us to manage a fund that sits higher along the risk spectrum. 

"Secondly, we as fund managers are recognising some interesting long-term structural
growth themes, that can only be incorporated in significant size within a fund that can
tolerate shorter-term bouts of volatility, and therefore does not suit the more cautious risk
profile of Vanbrugh or the income mandate of Distribution.

"Finally, while investment trust discounts in general are much narrower than in previous years, there remain good opportunities for experienced managers to exploit."

Darius McDermott, managing director at Chelsea Financial Services, said Hawksmoor has done a good job on the other two funds (Vanbrugh and Distribution) and this is a logical addition to the range as the existing funds are more cautious and one is income focused.

Mr McDermott said: "A higher risk offering makes sense."