Maia unmasks multi-manager range

Multi-manager boutique Maia Capital today launches its initial three onshore and two offshore fund offerings.

The Resolution Asset Management collaboration is run by former Fidelity managers Chris Ralph, Jason Collins and Simon Mungall.

The three non-UCITS IFA distributed retail schemes are:

• ResolutionAsset Maia Multi-Manager Growth fund
• ResolutionAsset Maia Multi-Manager Balanced fund
• ResolutionAsset Maia Multi-Manager Cautious fund

The funds will hold between 15 and 25 external portfolios and each is expected to have a 25% to 33% average turnover rate. Resolution will initially invest approximately £200m in the range.

The portfolio breakdown is as follows:

• Growth – 40% UK equities, 20% global equities, 30% overseas equities, 10% fixed income securities
• Balanced – 50% UK equities, 12% global equities, 18% overseas equities, 20% fixed income securities
• Cautious – 30% UK equities, 5% global equities, 10% overseas equities, 55% fixed income securities

Maia says the managers will employ both quantitative and qualitative techniques and will seek to leave tactical asset allocation calls to the underlying fund managers.

“The team has worked together for some time now but launching Maia has enabled us to wipe the slate clean and to further develop our investment process,” Maia joint manager Chris Ralph says.

“The structure of the funds and the make-up of the business allow us to be more aggressive and we are very excited about the potential this gives us to exploit the many opportunities that we see out there.”

There is a 5.25% initial charge for each fund, with a 1.5% annual management charge and 2.5% TER.

Until 31 December, 4% initial commission is available to IFAs on all ISA and unit trust lump sum investments. By completely waiving commission, IFAs can pass on no front end charge to clients if used in conjunction with the launch investor discount.

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Hysni Kaso
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Hysni.Kaso@incisivemedia.com