Boutique wealth manager launches first retail fund

London-based Cerno Capital Partners will launch its Cerno Select fund on 4 September with £30m of seed money from existing clients, and a minimum investment of £5,000. The Dublin-domiciled multi-asset fund will sit in the IMA Mixed Investment 40-85% Shares sector, and is expected to be made available to IFAs and wealth managers through a number of platforms including Cofunds. The firm, which has £420m of assets under administration, already manages a similar strategy, the Cerno Global fund. Lead manager and Cerno founding partner James Spence said the Select fund will aim to break ...