Diversified Growth Funds – DGF462
Assisted Search DGF462
Deadline: Friday 24th July 2020
A UK investment consultant, specialising in advice to the trustees and sponsors of UK pension schemes, is running a search in CAMRADATA for Diversified Growth Funds. This search is being initiated with the intention of reviewing their current ratings on DGF products and, to also ensure that appropriate funds are not being missed. The most successful managers will be buy rated and form the panel of funds to be used for new diversified growth funds mandate searches that the consultant is appointed to conduct over the next year.
All funds being proposed must be listed in CAMRADATA Live, and returns must be up to date i.e. at least to 31st March 2020.
Successful managers will be invited to attend a beauty parade by video conference on either 8th or 9th of September.
Assisted searches are run on behalf of institutional investors with specific search requirements. You are able to participate in this and all other Assisted Searches if you subscribe to CAMRADATA Live.
Search Requirements
| Deadline | Friday 24th July 2020 |
Asset Class | Institutional Diversified Growth Funds. Defined benefit and/or defined Contribution |
Structure | Pooled Fund Available – GBP Share Class Set Up – Fund open to new investors |
Track record / Establishment | The Fund should be over £50m and having a track record of 12 months or more will be advantageous. |
Client Base | Your fund should have at least ten investors with the largest client holding no more than half the fund. |
| Performance Target | At least LIBOR +4 or 5% or inflation + 4 or 5%. Funds with LIBOR +3% (or less) will not be considered. |
Investment | The fund must be able to accept mandates of £5m. If the minimum size of acceptable mandate is lower, this will be to the manager’s advantage. We are keen to hear whether smaller initial investments will be accepted, either as standard or as a one-off consideration. |
| Environmental, Social and Governance | Please demonstrate the ESG considerations for the Funds. |
| Investment Platforms | Please state which investment platforms are hosting your Diversified Growth Funds. |
| Fee Level | For the provision of services appropriate for defined contribution schemes we are interested in Funds that have a TER of 0.75% pa or less. However, for DB mandates we will consider funds with fee levels that are above this level but no more than 1%pa. The chosen managers will be required to offer preferred terms for investments via platforms where more than one scheme is investing via the same platform i.e. apply a group discount to standard terms. |
PLEASE INCLUDE IN YOUR SUBMISSION:
1. How many investors in fund and largest client holding
2. Performance target
3. ESG considerations of fund
4. Which investment platforms is the fund available on
5. DB and DC TER
To submit a fund please email info@camradata.com