Elite Hasley Best Ideas Portfolio

A new sub-fund to the Elite Hasley Investment Funds OEIC - the ‘Elite Hasley Best Ideas Portfolio’ – is to be launched utilising the investment management expertise of Hasley Investment Management LLP.

The Best Ideas Portfolio will target funds with the most attractive risk reward characteristics within asset classes where the prospects appear favourable. Investments may include hedge products, onshore absolute return, credit, high conviction equities and leisure investments such as caravan parks.

The Best Ideas Portfolio is the latest addition to the range managed by Hasley Investment Management LLP, the rapidly growing multi-manager boutique. Because of the esoteric nature of some of the investments, Hasley is positioning this fund at the higher end of the risk spectrum and targeting it at investors and their advisers who specifically do not want a traditional equity/bond/property/cash portfolio. The Best Ideas Portfolio will be launched on February 2nd 2009.

The Fund Manager, Roderick Collins, said: “Following the horrendous market conditions of 2008, when the returns of all asset classes became correlated as markets fell, we have sought to minimize exposure in the Best Ideas Portfolio to asset classes such as equities, whose returns are particularly unpredictable and volatile.

“We are likely to employ some of the onshore absolute return funds, which performed well during 2008, as well as some of the large quoted single manager hedge funds. The wide spreads on credits provide a further theme, of which we will take advantage. We plan to have holdings in life policies and some less usual investments such as a fund investing in caravan parks. There may be a minimal holding in high conviction equities.

“We aim to construct a portfolio along lines employed by the more enlightened institutional investors but not yet widely available to private clients.”

WAY Fund Managers Limited is the appointed Authorised Corporate Director (ACD) for the new fund, and Chief Executive David Pook said he is “very excited” about the launch of the new Fund.

“The existing Multi-Strategy and Diversifier Portfolios have seen very good levels of investment in spite of the current economic climate since WAY took over as ACD back in September 2008,” said Pook.

Both the Elite Hasley Multi-Strategy Portfolio and the Elite Hasley Diversifier Portfolio are available on the Skandia wrap platform, making access to the funds for independent financial advisers even easier.

Graham Bentley, head of investment marketing at Skandia said: "At Skandia we strive to offer advisers and investors a wide range of investment options to enable our clients to make investment decisions that suit their specific needs and goals. We are pleased to be able add the Elite Hasley Diversifier Portfolio and Elite Hasley Multi-Strategy Portfolio funds to the Skandia Investment Solutions platform and pensions fund range and look forward to what we hope will be a long relationship with Hasley.”

For further information, visit wayinvestments.co.uk