1 October 2008
This fund is mainly used by Lloyds TSB Wealth Management as part of its investment offer for affluent and high net worth clients. The initial size of the mandate is £150million.
The mandate will be invested in-line with FOUR’s Active UK Equity strategy. FOUR’s Active strategy invests in 40 to 60 holdings on a bottom-up basis and has comfortably exceeded the FTSE All Share Index since its launch in April 2007.
Derrick Dunne, a partner of FOUR, said “We are very pleased with this appointment. Our experienced investment team and our Intrinsic Value based approach are attracting very high calibre clients. We remain focused on delivering future performance for our clients.”
Chris Rodgers, a partner and senior fund manager at FOUR, said “We are delighted and flattered by the recognition gained from this prestigious appointment. We look forward to a long and successful relationship.