Redwheel’s Global Horizon Fund has undergone a revamp, with a new name, new remit and new management team, after a total collapse in assets when the long-time portfolio manager retired last year.
The fund will now be known as the Redwheel Global Intrinsic Value, which Redwheel said reflects its shift towards a strategy targeting global companies with ‘value’ characteristics.
The firm’s UK value and income team, co-led by Nick Purves and Ian Lance, were put in charge of running the fund in mid-December.