Fulcrum Asset Management, which was co-founded by former BBC chairman Gavyn Davies, will manage a new fund offered by DeVere, according to the financial advisory firm.
The investment solution, called the Diversified Liquid Alternatives (DLA) fund, has been added to the range of products offered by deVere’s asset management subsidiary dVAM.
It will be run by Fulcrum portfolio manager Matthew Roberts, pending regulatory approval.
The news follows the firm’s announcement late last year that it had launched a mutual fund range with Pacific Asset Management.
DeVere said that the latest addition to its funds suite has a target return cash of 4% per annum over rolling five-year period.
“This new solution, based on a well-established process, has been designed exclusively for dVAM to complement traditional equities and bonds and to help achieve a truly global and properly diversified portfolio,” said deVere chief executive, Nigel Green.
“dVAM DLA works within a regulated structure with daily liquidity.”
In compliance with UN principles
The global financial adviser’s fund will be managed by Fulcrum Asset Management, the firm that Davies founded and chairs, according to UN Principles for Responsible Investing.
The Diversified Liquid Alternatives fund is the first product launched by the asset manager’s alternative strategies team, which was set up early this year under Roberts, a former portfolio manager for the Towers Watson Partners Fund.
The fund has an unconstrained portfolio that invests in collectives and direct investments in real assets, alternative credit and diversifiers.
“Liquid Alternatives give the investor exposure to under-represented asset classes that can have tangible diversification benefits,” Green added.
“Their liquid nature enables a dynamic approach so that new ideas can be easily included and/or removed as required.”
This article has been updated to correct an earlier version that stated Gavyn Davies would run the fund. That is not the case, it will be managed by Matt Roberts.