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Article: A global trend - Financial Partners International.
- Article from:
- Fund Strategy
- Article date:
- November 3, 2008
CopyrightCOPYRIGHT 2008 Centaur Communications Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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It is not just British adviser firms that are launching their own fund ranges. Financial Partners International (FPI), which has a strong presence in the Middle East and Asia Pacific regions, has set up two fund ranges; a fund of funds product domiciled in the Isle of Man and an Incorporated Cell Company (ICC) structure in Guernsey. Management of the two schemes is split between a number of managers to achieve diversification.
There were several reasons for doing this, says Cameron Knox, the chief investment officer at FPI, with benefits for the company, its advisers and its clients. "One is due diligence. If you build the structure and use the right people ...