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Tyndall Investment Management launches new active North American Fund

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Boutique asset manager Tyndall Investment Management has launched the VT Tyndall North American Fund, which is managed by Felix Wintle, the former Head of US Equities at Neptune Investment Management.

Wintle ran the Neptune US Opportunities Fund from August 2005 until May 2016.
 
The VT Tyndall North American Fund is an actively managed, long-only 50 stock portfolio which uses the same high conviction investment approach that Felix employed successfully for 11 years at Neptune. The fund uses a top down macro overlay followed by stock selection of both long-term investments as well as shorter-term tactical ideas.
 
Wintle is bullish about the prospects for the US equity market and believes now is the time for active management to make a comeback.
 
“As the Federal Reserve continues to raise rates, and with growth continuing to surprise to the upside, I believe that investors will see a much greater dispersion of returns compared to the last several years.” says Wintle. “This means that passive strategies will no longer be the best way to get exposure to the US market.”
 
Darius McDermott, CEO of Chelsea Financial Services, say:s “We are really pleased to see Felix back managing money. He adopts a different approach from the majority of managers and we will be watching his progress. Our clients have invested with him in the past not least due to the diversification his fund added to their US exposure.”
 
Early stage investors have been attracted by the nimble nature of the new Fund as well as the US dollar hedged share class. Given the weakness of Sterling over the last year, some UK based investors have sought a US fund that can hedge out the dollar exposure, should the dollar weaken against Sterling. The VT Tyndall North American Fund offers both hedged and unhedged share classes.
 
The launch of this unashamedly active, alpha seeking fund is in stark contrast to the continued appetite for ETFs.
 
Richard Romer-Lee, Managing Director of Square Mile Research, says: “With so many assets concentrated in passives, it is refreshing to see a new active fund on the market. Many investors have a core passive exposure in their US portfolios, but adding some active funds around that core position is something that investors are increasingly doing, and in Felix, they have a manager that has plenty of experience in his field.”
 
Felix is excited about the opportunities that the US market has to offer, and as such has an active share of over 80 per cent. He is overweight in Technology, Financials, Consumer Discretionary, Industrials, Materials and Healthcare.
 
The minimum investment in the fund is GBP10,000 and the fund can be held in an ISA or SIPP and is available on Cofunds, Transact, 7IM, AJ Bell, Novia and Old Mutual. Founder share class currently available with an Annual Management Charge of 0.65 per cent.

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