Levitas is the sponsor of two funds along with a separate cash fund that match investments to a client’s specific risk rating. This is to simplify the investment and rebalancing processes while keeping down costs.
Brooks Macdonald Asset Management is the investment adviser to the two funds – TM Levitas A and TM Levitas B – launched in July 2012. Aggregate assets under management have increased to £60.52m as of 30 November 2013. The AUM are expected to increase to around £150m by 30 June 2014 and to approximately £250m by 30 June 2015.
As a client’s risk rating increases, the Levitas proposition shifts from a low-risk mix of the cash fund and the more defensive TM Levitas B fund to a more high-risk blend introducing the more adventurous TM Levitas A fund.
Director and shareholder of Levitas, Craig Knight, will remain director of Levitas after the acquisition, along with fellow shareholder and Levitas director Derek Miles who will continue to support the group on a consultancy basis.
