Oldfield Partners to launch three UCITS funds

Boutique investment house Oldfield Partners is to make three of its funds available to the wider international market for the first time.

The Overstone Japanese Equity, European Equity and Smaller Companies offerings, originally launched as Dublin-based AIFMD qualifying investor funds targeting sophisticated and institutional investors, are set to be released as UCITS vehicles, effective from 13 September .

Jamie Carter, chief executive at Oldfield Partners, spoke to International Investment about the launch, stating that the UCITS structure will give the firm access to a wider international marketplace of wealth managers and beyond.

“These funds were originally launched as qualifying investor funds, as this was the appropriate vehicle for the strategies and potential investors at the time,” said Carter. “Since then, UCITS has become the de facto standard for pooled fund structures in the UK, Europe and beyond. Consequently, Oldfield Partners recognises that an Irish UCITS structure would allow these strategies to access a larger universe of potential investors.

“We have a Global Equity Income fund that is already UCITS and we thought the time was right for these additional fund to be moved across too,” he said.

Four UCITS funds

As a result of the changes the Overstone Japanese Equity fund, the Overstone European Equity Fund and the Overstone Smaller Companies fund will become the Overstone UCITS Japanese Equity fund, the Overstone UCITS European Equity fund and the Overstone UCITS Global Smaller Companies fund, respectively.

They join The TM Overstone UCITS Equity Income fund in the Oldfield Partners UCITS stable. The latter fund is a UK-based UCITS fund rather than Dublin-based as it focuses mainly on the UK marketplace.

The way in which the company manages these UCITS funds will not differ from the manner in which it manages the current funds, Carter added.

A resolution approving the merger of these funds into UCITS vehicles was passed by the shareholders at an extraordinary general meeting, held on 30 August.

London headquarters

Oldfield Partners has been operating since 2005 from its London headquarters and is led by former Mercury Asset Management chief investment officer Richard Oldfield. It manages more than US$4bn for clients that include high-net-worth individuals, family offices and pension funds.

Gary Robinson
Head of Video and Ezines at Open Door Media Publishing. Deputy Editor, International Investment. An experienced journalist and filmmaker with more than 20 years' financial services experience, both as journalist and originally as a fully qualified IFA, Gary works across both International Investment and InvestmentEurope titles. Previous video production credits include projects on BBC, C4 and SKY.

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