To launch on 16 November, the Sanditon OFR UK Fund will be available in sterling, euro and dollar share classes.
“There are a number of investors, particularly in places like Jersey, Guernsey and Switzerland who don’t want to invest in the UK-domiciled fund, so we have created a Dublin fund to cater for that market,” said Sanditon CEO Rupert Tyer.
“As we did with the launch of the onshore UK Fund, we are keen to get the new fund established first with a reasonable amount of money and then in 2016 we will be more active on the marketing front.”
Dean’s onshore TM Sanditon UK Fund has raised £110m since launch on 23 June, despite a tough summer for UK equities culminating in August’s volatility following the fallout from Chinese currency devaluation.
During the past month, Dean has raised the fund’s exposure to both growth and value defensives, such as Babcock, Smith & Nephew, Capita and Compass Group, and has also taken advantage of relative share price weakness to buy a new position in Reed.
A full interview with Julie Dean will feature in the forthcoming November edition of Portfolio Adviser.
