Waverton Real Assets Fund hits £100m in first seven months since launching

By Daniel Lanyon on Thursday 25 July 2019

Editor's PickAlternative Lending

The milestone has been reached in part owing to demand from intermediaries for uncorrelated returns and steady income.

Waverton Real Assets Fund hits £100m in first seven months since launching
Image source: Waverton

Waverton Investment Management has seen its Real Assets Fund hit £100 million in assets under management since its launch in November 2018.

The fund invests predominantly in businesses backed by physical or tangible assets, often with inflation-linked cash flow streams. These cover five real asset classes, namely property, infrastructure, asset finance, commodities and specialist lending.

The Waverton Real Assets Fund targets CPI + 4 per cent over the medium to long term with lower volatility than equity markets. 

Managed by James Mee and Luke Hyde-Smith, the fund is open-ended and domiciled in Ireland.

The fund has seen demand in particular from discretionary fund managers (DFMs) and retail advisers.  

It has holdings in funds such as Atlas Global Infrastructure fund, GCP Student Living Plc, Greencoat UK Wind, Hipgnosis Songs Fund and Real Estate Credit Investors.

James Mee, co-fund manager of the Real Asset Fund said: “Despite a range of market conditions since launch the fund is performing in-line with expectations while displaying low correlation to both equity and bond markets. Key contributors to performance since inception have been property and infrastructure, and gold within commodities.”

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