Press Releases

TACTICA LAUNCHES RETAIL PRODUCT RANGE   14/02/2008

TACTICA, the institutional multi asset manager, is to launch a range of funds in the retail market.

TACTICA sees multi asset management, which combines global equities, property, bonds, alternatives, commodities, hedge funds and cash using a combination of pooled funds and direct securities, as a logical development of the increasingly popular multi-manager offer. TACTICA also believes strongly in the value of asset allocation, using it as a dynamic part of its fund management process.

At launch, the retail offer will comprise three funds: Cautious, Balanced and Growth. They will be managed by Goldman Sachs International, using its Black-Litterman model.

TACTICA’s chief executive is John Ions, who was previously the founding chief executive of the SG Asset Management retail business in the UK. Tactica is a private company backed by institutional investors and was founded in 2006. He is joined by co-director Jonathan Cook who has 20 years experience of retail investment with Save and Prosper, Barclays Global Investors and Morgan Grenfell Unit Trust Managers.

John Ions said: “The returns from a multi asset portfolio are likely to be less volatile and smoother than those from almost all single asset classes. Importantly, a unitised fund can also offer a cost effective approach, bringing what was an exclusive offer to wealthy clients much more into the mainstream. In our early discussions, we have had a very positive response from intermediaries.”

TACTICA will market the funds initially to large IFAs and networks, who are likely to favour the multi-manager approach already. The funds have been structured as a UK-registered OEIC, regulated by the FSA. Minimum investment will be £25,000, with introductory commission to intermediaries of 3.0% and trail commission of 0.5%. The funds will be eligible for inclusion in ISAs.