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RMG Wealth Management launches offshore multi-asset global macro fund

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RMG Wealth Management has launched its first offshore fund in response to demand for its segregated portfolio service and to capitalise on the range of investment opportunities currently accessible through the macro environment.

The RMG Real Return Fund, which began trading on 1st February, is capable of investing globally across multiple asset classes and securities.
 
The Guernsey-domiciled fund will be managed by RMG Wealth’s co-founder and Chief Investment Officer, Stewart Richardson. Stewart has 25 years of experience managing money for a number of firms including RBS Coutts, Merrill Lynch and Royal Bank of Canada and has built a reputation on his ability to maintain a genuinely global perspective when allocating assets.
 
The RMG Real Return Fund, which launched with £13.1 million in asset under management, targets positive returns regardless of the direction in financial markets, as capital preservation is the manager’s priority. The investment process is based on identifying fundamentally attractive opportunities combined with a tactical overlay derived from market and sentiment analysis. 
 
The RMG Real Return Fund was launched in response to demand for RMG’s successful segregated client portfolio service, which made 3.4% (net of fees) for sterling investors and 5% in US Dollars in 2011.  The absolute return mandate, philosophy and investment process remain the same but the lower investment minimum and the ease of trading make this an attractive investment to a wider group of investors.
 
Stewart Richardson, Partner and Chief Investment Officer, says: “The global economy is facing some major headwinds this year which is likely to lead to volatile markets. We believe a simplified strategy of ‘Sell the Euphoria and Buy the Hysteria’ will be successful, meaning tactical investment management is the key.
 
“Underpinning this process is RMG’s proprietary, quantitative analysis and a unique emphasis on investor sentiment in the belief that it is either fear or greed that drives market sentiment. Financial markets are emotional, and individuals make emotional investment choices, especially at market extremes. Understanding this gives us a sense of perspective and facilitates making a logical asset allocation for the RMG Real Return Fund.”
 
David Man, Partner and Head of Business Development, says: “With our new fund we intend to maintain the same level of investment discipline as we do on our segregated accounts and develop opportunities with potential clients by consistent performance and regular contact.
 
“Longer term, RMG Wealth aims to launch a range of funds and manage more mandates by cementing our reputation as a global macro, tactical investment manager that protects capital and grows assets.”
 
The fund is available in Sterling and US dollar share classes, and the minimum investment is 10,000 in both denominations with weekly subscriptions and redemptions. The appointed administrator is Butterfield Fulcrum Group and the fund’s custodian is Butterfield Bank.

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