Armstrong IM to manage Absolute Return Dynamic Asset Funds

The Board of Dynamic Assets Managed Fund plc have selected specialist asset management firm Armstrong Investment Managers LLP (AIM) to manage their £184m Dynamic Asset Funds, which are focused on delivering absolute returns (subject to final approval by the Irish regulator IFSRA).

Stephen Tucker, Managing Director at The Fry Group, whose clients are invested in the funds, says: “With interest rates so low and likely to remain low for some time, our clients are searching for ways to earn additional income from their savings without taking on too much extra risk. AIM’s multi-asset investment approach provides the solution because they focus on delivering absolute returns in a carefully risk-managed way.” Before the recession, many investors were able to meet their income needs through cash deposit accounts. But with interest rates at record lows, most of these accounts are now losing money after tax and inflation.

Stephen Tucker adds: “In the current climate, clients are being forced to take investment risk when they do not want it. By working with AIM, we can provide investment products that focus on their needs—a positive return after tax, inflation and management fees and preserving capital through all market conditions. AIM are experienced investment managers with a proven track record and a robust and modern approach to asset allocation and fund selection.”

AIM’s founding partners, Dr Ana Armstrong and Patrick Armstrong, worked with The Fry Group in their previous roles as co-heads of Insight Investment’s Multi-Asset Group. Over the past decade they have pioneered their investment approach of dynamically allocating across a range of asset classes in multi-asset portfolios. The IM Armstrong Diversified Real Return fund currently sits at the top of the IMA Cautious Managed sector, up 6.6%, since its launch on 19 January 2010 to 28 May 2010 (Source: Lipper).

Dr Ana Armstrong, joint managing partner of AIM, says: “We established our business to focus on global macro multi-asset investment solutions and our priority is to deliver market leading, risk-adjusted, inflation beating returns for our clients. We have a long-standing and successful relationship with The Fry Group and look forward to working with them and their clients again with our new range of funds.”