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Waverton launches real assets fund for Citywire Top 100 star

Waverton launches real assets fund for Citywire Top 100 star

Waverton has launched a real assets fund targeting CPI +4% return with lower volatility than an equivalent equity portfolio.

The fund will be managed by head of third party fund selection and Citywire Top 100 star Luke Hyde-Smith, who joined the business in 2017, having previously worked at Brompton, John Duffield's wealth boutique, and before that New Star.

At the time of publication, the company had not disclosed the fees on the fund. 

Hyde-Smith will share managament responsibilities with James Mee, manager of the Waverton Multi-Asset Income fund.

The fund will invest in five real asset classes – property, infrastructure, asset finance, commodities and specialist lending – predominantly backed by tangible assets.

 In a statement, Mee (pictured) and Hyde-Smith said: ‘The assets we select should provide predictable and, in many cases, inflation-linked cash flows, as well as effective diversification.

‘We are currently finding attractive opportunities in all of the real asset types within our universe.’

The firm’s head of funds, Charles Scott Plummer, said that accommodative monetary policy, moderate global growth and uncertainty around inflation should help the fund appeal to investors.

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