Latitude Investment Management, an investment advisory firm recently founded by Freddie Lait, has launched its first fund, The Latitude Horizon Fund (UCITS V).
The fund, which has begun accepting investment from new shareholders, is a global long only diversified growth fund targeting absolute returns, with lower volatility and lower fees.
Latitude Investment Management is backed by Odey Asset Management and other private investors, including family offices and individuals from the fund management industry.
The Latitude Horizon Fund will invest in a concentrated portfolio of stocks which have high-quality business characteristics and strong, or improving, industry dynamics. Alongside this, non-equity investments will be made to generate uncorrelated returns, reducing risk without compromising performance. The relative allocation of asset classes will be determined by analysing cyclical factors with a long term, capital preservation objective.
The Horizon Fund will charge management fees of 1 per cent and no performance fee.
Following the launch, Latitude will be providing access to its investment team through regular webcasts, industry ‘think pieces’ and small group events, open to both existing, new and potential investors.
Lait (pictured) says: “With the continued support from current fund investors and our shareholders in the business, including Odey, I believe we are well positioned for the future. In the last couple of weeks we have seen significant support from investment platforms, helping us target the IFA community and smaller wealth managers. Funds which seek to offer positive real returns with strong risk control and downside protection are in high demand at the moment, and we look forward to engaging with investors to discuss our approach over the coming months.”
