Global Advisers has signed a deal with Transact to offer UK IFAs and their clients access to its core Global Advisors energy and metals fund.
Global Advisers is a specialist commodities alternative asset manager and Transact is an integrated portfolio wrap service operated by Integrated Financial Arrangements.
UK IFAs can now open a Transact portfolio to invest in Global Advisers' offshore fund on behalf of their clients. Transact then consolidates all investments into one account reducing the administrative costs and provides "wrappers" in which to hold the investment tax efficiently. Investments into the fund can be held into a pension (personal pension plan, executive pension plan, S32 pension), an offshore bond or a General Investment Account.
Rus Newton, co-principal of Global Advisors, said: "This represents a great opportunity for UK-based experienced private investors looking for exposure to commodities alternative investments whilst still benefiting from the security of independent advice in the most tax efficient way. We believe commodities will continue to offer great opportunities for investors looking for positive returns that are un-correlated with the major stock or bond markets."
Malcolm Murray, Head of Sales & Marketing at Transact, commented: "Transact was the UK's first IFA-only Wrap Service launched in 2000. The service is now used by nearly 1000 advisers who have entrusted some GBP 800m to its administration. We are pleased that advisers are now able to deal in the Global Advisors Energy and Metals fund through Transact."
Global Advisors uses a diversified strategy that focuses uniquely on two commodity complexes: energy and metals. Global Advisors' approach combines both technical and fundamental analysis as well as proprietary technology and in-the-trenches trading expertise.
Global Advisors currently manages USD 143m of assets, across its program, for institutional investors, professional investors, funds of hedge funds, and family offices. Global Advisors started trading in September 1999 and has returned 92.73% net of fees since inception, and 13.93% for 2004 year to date.
The fund is aimed at sophisticated investors who wish to invest less than USD 10 million (but subject to an absolute minimum of USD 50,000), are not concerned with generating additional leverage, or do not want to be involved in administering an account with a clearing broker. The fund offers a traditional, equity-style investment and is listed on the Irish Stock Exchange.
The fund can only accept sophisticated investors from the United Kingdom who meet the requirements of section 3.11 and Annex 5 to Chapter 3 of the Financial Services Authority's Conduct of Business Sourcebook as from time to time amended.