Majedie Asset Management is planning to launch two long only global equity funds on 30 June 2014.
Known as the Majedie Global Equity Fund and the Majedie Global Focus Fund, the two Ucits-compliant funds will invest in smaller companies and emerging markets.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The Equity Fund will hold between 70 and 120 holdings, while the Focus Fund will be a more concentrated version, containing 30-60 holdings.
The funds will be managed by a four-member team including new hires Tom Record from Baillie Gifford, who joins the firm as an emerging markets specialist, and Adrian Brass, who joined from Fidelity.
The new recruits will work alongside Tom Morris and Yuri Khodjamirian, who joined Majedie in 2009.
The fund managers will be responsible for selecting stocks for a portion of the fund. The funds aim to generate a portfolio capable of performing well in a variety of economic and market conditions
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataAdditionally, the managers will invest in shares whose prospects, and therefore valuations, are uncertain and offer significant upside potential with limited downside risk.
