Noble-Nesbitt to head new Close discretionary service

Close Brothers AM is launching a discretionary fund management service that will be managed by top-performing UK equity manager Deryck Noble-Nesbitt.

The Close AM Tailored Portfolio Service will be actively managed by Noble-Nesbitt and his team, offering a series of segregated portfolios tailored to risk appetite and individual investment objectives.

The service will incorporate four investment styles - income, conservative, balanced and growth.

Noble-Nesbitt's Close Special Situations fund has returned 253.6% over the three years to 3 February versus an IMA Smaller Companies sector average of 99.9%, according to Morningstar.

The manager also has previous experience of running multi-asset vehicles via the offshore Close Global Bond & Equity fund he has run since 2007.

The service will be available to clients with over £250,000 to invest, and will charge a 1% 'all-inclusive' cost that includes dealing fees.