Natixis Global Asset Management has unveiled a new global concentrated equity fund that focuses on long-term value.
Dubbed as Global Concentrated Equity OEIC, the fund will be run by a seven-member team of Harris Associates, according to Investment Week.
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The fund has been designed to identify underpriced companies with strong fundamentals and shareholder-orientated management teams.
The fund will be managed jointly by Harris international equities chief investment officer David Herro as well as US equities chief investment officer Robert Levy.
The fund will be available for UK investors through platforms including Fidelity FundsNetwork, Ascentric, Novia, Transact, 7IM, and Raymond James with Cofunds planned to come later in the year.
Chris Jackson head of UK retail and international products Natixis said: "We want to bring the right product from those affiliates at the right pace into the UK marketplace.
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By GlobalData"There is an ever increasing focus on the importance of building durable, long-term portfolios which provide investors with the growth and income they need to meet their personal financial outcomes," he added.
Additionally, the firm is seeking to boost the headcount in its London office by at least 25% this year, to 65 or more by the end of the year.
