Brickwood Asset Management, the firm founded by ex-Jupiter trio Kevin Murphy, Ben Whitmore and Claudia Ripley (pictured left-to-right) in January last year, has launched its inaugural fund.
The TM Brickwood UK Value OEIC will invest in undervalued opportunities across the UK equity market, with at least 80% of the portfolio held across FTSE 350 constituents. Co-managed by Ben Whitmore and Kevin Murphy, who will be supported by Dermot Murphy, it aims to outperform the FTSE All-Share index over rolling five-year periods.
See also: Whitmore’s former fund to be renamed ‘Jupiter UK Dynamic Equity’ under Savvides
Claudia Ripley, chief executive officer of Brickwood Asset Management, said: “At Brickwood we have brought together some of the most highly regarded and experienced value fund managers in the industry. We believe the breadth of knowledge and depth of expertise is really compelling.
“Our ultimate purpose is to become the home of value investing in the UK, and we aim to achieve this by continuing to focus on our strong, long term client relationships and delivering attractive long term investment returns for our clients.”
Manager Whitmore added he is “pleased to be launching Brickwood’s first fund”. “Our long history of value investing combined with the low valuations we are currently seeing makes it an opportune moment for the fund launch,” he said.
The ongoing charges for the F class of this fund reside at 0.61%.
See also: Square Mile removes Jupiter Global Value rating on Whitmore exit