Evenlode branches out from income stable with global equity fund launch
‘The concise investment style should provide a high degree of active share’
Evenlode’s decision to branch out from equity income funds has been hailed as a “natural step” in the boutique’s trajectory.
On Tuesday the firm revealed it would be launching Evenlode Global Equity for UK investors. The fund, which will be co-managed by Chris Elliott and James Knoedler (pictured), will take a bottom-up concentrated approach, holding between 30 and 50 companies in the portfolio over long periods.
The strategy employs the same process and philosophy as the £925m Evenlode Global Income fund, which Elliott works on with lead manager Ben Peters, but is not constrained by having to maintain a level of dividend payments.