Bringing you live news and features since 2006 

James Allen, Walker Crips

Walker Crips launches UK’s first regulated bridging finance fund

RELATED TOPICS​

Walker Crips, the wealth and investment manager, has set the launch date of 1 August for the TB Walker Crips Income from Short Term Lending Fund for its newly created alternative investments division.

 
This is the first regulated bridging finance investment fund to be launched in the UK.
 
The fund is designed to create a target annual income of 8.4 per cent by providing credit to short term lending companies that offer residential property bridging finance loans. It will be managed by James Allen (pictured), who joined Walker Crips specifically to establish and manage this fund.  
 
The lending companies source borrowers who are seeking short term funding on UK residential property acquisitions or conversions, generally via the auction market. Income is generated through interest on capital charged on the loans. Uniquely, the fund uses three bridging finance companies providing a prudent spread of risk.
 
Walker Crips will absorb all operating costs associated with running the fund. Costs on the fund will not exceed two per cent and will be charged from earned income.
 
Allen says: “In today’s low interest and growth environment an income of 8.4 per cent is an attractive proposition for investors who continue in their hunt for yield. This fund aims to provide a predictable and sustainable level of income for investors and some much needed capital to property developers. By providing the first ever authorised bridging finance investment fund, we are giving potential investors the product they want with additional safeguards. Sophisticated investors and their advisers should view this valuable diversifier as part of their tactical allocation.”  
 
Sean Lam, group managing director, Walker Crips, says: “At Walker Crips we are continually developing our product range to ensure we offer innovative investment solutions which meet the evolving needs of our client base. This new product is very in-keeping with the bespoke culture of Walker Crips. We believe that in today’s volatile market environment the need to provide returns whilst minimising risk is more important than ever.”
 
T Bailey Fund Managers will act as the authorised corporate director and administrator and National Westminster Bank will be the depository.

Latest News

News came last night from the US that the SEC has approved CBOE’s proposal to list and trade VanEck’s spot..
Irish domiciled funds surpassed EUR4.3 trillion AuM (Assets under Management) at end-March 2024, a 15 per cent increase in net..
European white label ETF platform, HANetf, has announced its total assets under management (AUM) has now exceeded USD4.31 billion...
New research from European ETF provider Tabula Investment Management shows investors are expecting improvements in ESG from the gold mining..

Related Articles

Timothy Rotolo, Range Funds
In 2023, Timothy Rotolo launched his business, Range Fund Holdings, the parent company for Range Indices and Range ETFs, followed...
Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by