Agility + Acumen
We’re independent. We’re not owned by a bank. We’re not owned by an
insurance company. We’ve deliberately designed a nimble company to bring
to advisers and investors a straightforward series of funds managed by
individuals who we believe are masters of their craft.
A good fund manager, like any good craftsman is hard to find. Once found, City
Financial harnesses the proven skills of these individuals. Without legacy or
conflict of interests and without the distractions that a big company brings, the
managers are empowered to focus on creating something remarkable for our
investors and their advisers.
Update - City Financial appoints Meredith Cartwright to Board of Directors
City Financial has appointed Meredith Cartwright to its Board of Directors. She joins as a Non-Executive Director alongside current board members David Beatty, Jack Hollihan, Michael Stein and Lalit Aggarwal, as well as Chairman Rob Hain and Chief Executive Andrew Williams.
Andrew Williams, Chief Executive of City Financial, commented “City Financial is rapidly growing in terms of both assets and people. Meredith is an experienced investor and director; her distinct skills, and in particular her long-standing commitment to equality and enterprise, complement the existing Board and will enhance both our governance and City Financial’s ability to attract accomplished professionals to further grow the business.”
- Read the article here
Update - City Financial appoints Stefan Garcia as Global Head of Distribution
City Financial has appointed Stefan Garcia as Global Head of Distribution to be based in London with effect from 4 May 2016.
Andrew Williams, Chief Executive, City Financial, said: “Stefan is a highly esteemed and experienced professional. His appointment demonstrates our commitment to the continued development of the firm, which offers innovative investment strategies for individual and institutional clients worldwide and has investment teams based in London, Hong Kong, New York and Geneva. His experience and energy will further accelerate the growth of the business.”
- Read the article here
Update – City Financial merged the Defensive Global Bond Fund into the City Financial Diversified Fixed Interest Fund
Following a review of its viability, the City Financial Defensive Global Bond Fund was merged into the City Financial Diversified Fixed Interest Fund, run by Mark Harris and his team, effective 27 February 2016.
Update – City Financial merged recently acquired IWI funds into Multi Asset and Fixed Income ranges
The IWI Balanced Portfolio and Cautious Portfolio Funds were merged into the City Financial Multi Asset Balanced Fund.
The IWI Chameleon Capital, IWI Global Thematic Portfolio, IWI Growth Portfolio and IWI Multi Strategy Funds were merged into the City Financial Multi Asset Dynamic Fund.
The IWI Fixed Income Portfolio Fund was merged into the City Financial Diversified Fixed Interest Fund.
All these mergers were effective 29 January 2016. The City Financial funds concerned are all managed by Mark Harris and his team.
On 30 January 2016, City Financial Investment Company became the Authorised Corporate Director (ACD) of the CFIC Oriel UK, European and Global Funds. The Investment Manager to these three funds continues to be Oriel Asset Management, who will manage the investments with the same mandate and objective as prior to the change of ACD.
Update – City Financial acquires Assetmaster fund range from Investec Wealth & Investment
On 23 June 2015, City Financial acquired the IWI Fund Management Ltd. fund range from Investec Wealth & Investment, comprising £204 million in assets.
City Financial will, subject to regulatory approval, take on the full responsibilities of the Authorised Corporate Director at a later date. In the interim, City Financial has taken over investment management responsibility for the following Funds:
IWI Cautious Portfolio Fund
IWI Balanced Portfolio Fund
IWI Growth Portfolio Fund
IWI Global Thematic Portfolio Fund
IWI Multi Strategy Fund
The investment management responsibility for the IWI Fixed Income Fund will be transferred to City Financial in the near future.
Update – Small change to the City Financial Absolute Equity Fund investment objective
The investment objective of the Absolute Equity Fund, found in the Prospectus, KIID and factsheet has changed. This was done in an effort to be clearer regarding the risk/return outcome of the Fund and better manage investors’ expectations. We have amended the period during which the Fund aims to achieve a positive absolute return.
As per the literature, the objective of the Fund previously stated: “The Absolute Equity Fund is a fundamental equity long/short strategy which aims to achieve a positive absolute return for investors over rolling twelve month periods, primarily through investment in UK and global equities.” The objective now states: “The Absolute Equity Fund is a fundamental equity long/short strategy which aims to achieve a positive absolute return for investors over rolling 36 month periods, primarily through investment in UK and global equities.”
If you have any administrative enquiries, please contact us by telephoning 0845 300 2107 or emailing firstname.lastname@example.org. For all other queries, please email email@example.com.
Update – City Financial Global Strategies Irish UCITs Range: Rationalisation complete
Following the completion of the rationalisation on 23 May 2015, the Growth Portfolio merged into the Adventurous Portfolio and the Balanced, Cautious, Income and Moderate Portfolios merged into the Wealth Fund. Mark Harris continues to manage the two remaining funds in City Financial’s Irish UCITs Range.
- The Adventurous Portfolio and the Wealth Fund’s literature is available here
Update – City Financial Multi Asset Funds: Market update and fund positioning
Mark Harris, head of Multi Asset at City Financial, provides an update on multi asset funds in light of equity market weakness.
- Read the article here
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