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.

Iveagh UCITS fund range acquisition completes

City Financial has completed the acquisition of Iveagh Limited’s Irish domiciled UCITS fund business. The deal provides City Financial the opportunity to develop an Irish domiciled open-ended fund range, in addition to its existing UK and Cayman domiciled ranges.

We are pleased to present City Financial’s range of Irish regulated Multi Asset funds.

Adventurous Portfolio
Balanced Portfolio
Cautious Portfolio
Growth Portfolio
Income Portfolio
Moderate Portfolio
Wealth Fund

  • Fund fact sheets available here
  • Key Investor Information documents available here
  • Read the press release here

City Financial appoints Chris Coombe as Chief Financial Officer

With over 30 years of experience in the industry, Chris has held a number of senior roles, including, Chief Financial Officer of Fidelity Worldwide Investment and Group Financial Controller of Schroders in the UK. Chris will report to Andrew Williams, Chief Executive, and will lead City Financial’s Finance, Operations and Client Services, Regulatory Compliance, Legal, Technology, Facilities and Human Resources teams.

  • Read the press release here

City Financial to buy Iveagh fund range

In an exclusive interview with Iveagh chairman Lord Iveagh and City Financial chairman Rob Hain earlier this year, Investment Week revealed the Iveagh fund range – the Dublin-listed portfolios – is to be sold to City Financial, with a deal agreed subject to regulatory approval.

  • Read the article here

City Financial announces launch of The Adviser Centre

The free-to-air, online research and consultancy service, The Adviser Centre, is designed to help advisers with their investment processes and their assessments of fund suitability. The team’s research is constructed around three lists, reflecting advisers’ actual experience of managing portfolios.

  • Read the press release here

InterestingLeigh: Be grateful for small mercies

Leigh Himsworth, head of UK equities at City Financial and manager of the City Financial UK Opportunities Fund, provides commentary for May

Corporate investment, a key part in the recovery jigsaw that we seem to have been waiting an age for, is finally showing some signs of life.

  • Read the complete commentary here

City Financial appoints Lalit Aggarwal to Board of Directors

Aggarwal is President and Chairman of the Investment Committee at Manor Park Capital Advisors in Toronto. He previously held senior positions at H.I.G. European Capital Partners, Soros Fund Management and Goldman Sachs.

  • Read the press release here

City Financial announce new fund research initiative with Distribution Technology

Distribution Technology and City Financial announce that they are building a new investment research service for intermediaries. Embedded within DT’s Dynamic Planner, this new service will offer qualitative investment research, which also drives The Adviser Centre.

  • Read the press release here

City Financial appoints Mark Pearson as Marketing Director

Mark will lead the development and implementation of City Financial’s marketing strategy for the growing propositions within the business. He brings with him extensive experience in developing and marketing asset management, adviser and customer solutions. Pearson was previously head of the investment strategy and communications function for life assurer AEGON UK.

  • Read the press release here

City Financial CEO talks expansion and the demand for Asian macro

Andrew Williams, chief executive of City Financial, recently shared his thoughts with WealthBriefing regarding the future plans for City Financial and the company’s expansion in Asia.

  • Read the article here

City Financial announces new partnership with Scopic Research

City Financial and Scopic Research, the leading multi-manager research consultancy, announce a partnership to deliver multi-manager research via The Adviser Centre. The availability of the Scopic Research multi-manager research service on The Adviser Centre complements the individual fund and fund manager research and tools that will be available.

  • Read the press release here
  • Read more about The Adviser Centre here

Mark Harris takes City Financial Multi Asset fund from fourth quartile to top spot

City Financial’s Head of Multi Asset, Mark Harris, recently shared his thoughts with Investment Week on how, after being granted investment management responsibility in January 2012, he took the City Financial Multi Asset Diversified Fund to the top of the IMA Mixed Investment 0 – 35% sector.

  • Read the article here
  • Read more about the City Financial Multi Asset Diversified Fund here

InterestingLeigh: Taking stock

Leigh Himsworth, head of UK equities at City Financial and manager of the City Financial UK Opportunities Fund, provides commentary for February

As we have witnessed a degree of confidence creep back into the consumer, governments and even the press, the last bastion of nervousness appears to lie in corporate circles.

  • Read the complete commentary here

InterestingLeigh: Potential investment trends 2014

Leigh Himsworth, head of UK equities at City Financial and manager of the City Financial UK Opportunities Fund, provides commentary for December

For Christmas this year, many investors are hoping Santa Claus lets them continue to ride on the crest of the liquidity wave into 2014. At the risk of neglecting our Christmas shopping, we’ve been taking time this month, to mull over the year behind us and begin to identify the potential investment trends of 2014.

  • Read the complete commentary here

City Financial appoints Philip Kay as Head of Asia

Based in London, Philip will be responsible for overseeing City Financial’s operations in Asia in a newly created role. The appointment follows City Financial’s continuing expansion into the region through the launch of a Japanese equity UCITS fund and an Asian macro fund.

  • Read the press release here

InterestingLeigh: Please, sir, I want some more

Leigh Himsworth, head of UK equities at City Financial and manager of the City Financial UK Opportunities Fund, provides commentary for November

In the book, the response to this request from Oliver is not encouraging: ‘I know that boy will be hung.’ Well, Oliver should have operated in today’s market, as he could have consumed as much as he liked!

  • Read the complete commentary here

City Financial announces independent fund research service for advisers

The initiative, to be launched by City Financial in the spring of 2014, is a free, web-based Adviser Centre which features list of recommended, established funds, as well as a ‘Positive Watch’ fund list. The service will be lead by Peter Toogood and Gill Hutchison.

  • Read the press release here

City Financial plans latest takeover as rival groups streamline

Andrew Williams, chief executive of City Financial, recently shared his thoughts with Investment Week regarding RDR, M&A and how the firm still has room to grow.

  • Read the article here

City Financial strengthens fixed income team with appointment of Phillip Lee

Working closely with Graham Glass, lead manager of the City Financial Defensive Global Bond Fund, Phillip joins City Financial as a Global Fixed Income manager with effect from 1 November 2013. His strong credit analysis background will augment City Financial’s expertise in fixed income markets.

  • Read the press release here

City Financial announces launch of Asian macro fund to be managed by Geoffrey Barker

Scheduled for launch in the first quarter of 2014, the new fund will be managed out of City Financial Investment Company (Hong Kong) Limited’s new offices at 8 Queen’s Road Central in Hong Kong.

  • Read the press release here

InterestingLeigh: It’s Alice in Wongaland

Leigh Himsworth, head of UK equities at City Financial and manager of the City Financial UK Select Opportunities Fund, provides commentary for October

US Bond yields have been edging upwards for much of this year, the US government is currently seeing partial shutdowns, the US debt ceiling has been reached again, the markets are just shy of all-time highs, a UK housing bubble is looking possible – yet I note a survey from Liberum headlined, ‘Bears becoming an endangered species – 84% of fund managers surveyed are bullish!’

  • Read the complete commentary here

City Financial’s David Crawford warns governments not to misinterpret short term business cycles as economic strength

David Crawford, manager of the City Financial UK Equity Fund, recently shared his thoughts with Mindful Money regarding the recent growth in the economy as demonstrating more strength than is actually the case.

  • Read the article here
  • Read more about the City Financial UK Equity Fund here

Peter Toogood and Gill Hutchison to join City Financial

With a combined 35 years experience in fund research and consultancy, Peter and Gill will work closely with multi-asset head Mark Harris to expand the firm's offerings.

  • Read the press release here

Graham Glass: The taper – that wasn’t

Graham Glass, head of fixed income at City Financial and manager of the City Financial Strategic Global Bond Fund, provides commentary

Yesterday proved to be a landmark day in Federal Reserve policy making. The two day FOMC meeting concluded with the announcement that no tapering of QE would occur.

  • Read the complete commentary here
  • Read more about the fund here

City Financial to merge and rename funds

City Financial is merging the City Financial MultiManager Income Fund with the City Financial Global Multi-Strategy Fund, subject to unit holder approval, to create the City Financial Multi Asset Balanced Fund. The City Financial Strategic Global Bond Fund is also being renamed the City Financial Defensive Global Bond Fund.

  • Read the press release here

InterestingLeigh: Taking stock

Leigh Himsworth, head of UK equities at City Financial and manager of the City Financial UK Select Opportunities Fund, provides commentary for September

Having had discussions with a number of ‘market professionals’ recently, all seem convinced that growth will be great news for us all. I disagree. For me, the key issue is the direction of monetary policy.

  • Read the complete commentary here

City Financial’s Leigh Himsworth discusses the safer way to beat the UK market

Leigh Himsworth, manager of the City Financial UK Select Opportunities Fund, discusses why he is happy to underperform in short-term rallies as it proves his process is based on more than just sentiment.

  • Read the article here
  • Read more about the City Financial UK Select Opportunities Fund here

InterestingLeigh: Taking stock

Leigh Himsworth, head of UK equities at City Financial and manager of the City Financial UK Select Opportunities Fund, provides commentary for August

The market rebound in July has been of such a scale that it has produced one of the largest monthly gains in recent years! Further to the more positive signs from the US and UK, it would also seem that there are growing indications that the periphery of Europe may have seen the worst, with economic sentiment indicators improving.

  • Read the complete commentary here

City Financial UK Select Opportunities Fund named as one of 10 ‘favourite’ funds of wealth managers

Citywire listed City Financial’s UK Select Opportunities Fund, managed by Leigh Himsworth, as one of ten smaller funds that are preferred by leading wealth managers.

  • Read the article here
  • Read more about the City Financial UK Select Opportunities Fund here

City Financial UK Equity Fund named as an Absolute Return Fund leading the field

FE Trustnet discusses why long/short equity funds are dominating the IMA Targeted Absolute Return sector and why City Financial UK Equity is one of the best.

  • Read the article here
  • Read more about the City Financial UK Equity Fund here

City Financial UK Equity Fund identified as alternative to CF Odey Absolute Return Fund

After the CF Odey Absolute Return Fund soft closed last week, FE Trustnet went looking for alternatives and suggested the City Financial UK Equity Fund as a top choice.

  • Read the article here
  • Read more about the City Financial UK Equity Fund here

InterestingLeigh: Taking stock

Leigh Himsworth, head of UK equities at City Financial and manager of the City Financial UK Select Opportunities Fund, provides commentary for July

The magnitude of reversal since the market peak towards the end of May has been savage with markets losing nearly 9% to the end of June. The scale of sell-off in some overseas markets has reached bear market proportions. This for me, is worth dwelling on for a moment. Markets have had a nervous reaction to the possibility of a rise in bond yields, this time only caused by the US merely mentioning turning off the monetary tap!

  • Read the complete commentary here

City Financial fund moves onto Cofunds due to investor demand

The CF Eden UK Select Opportunities Fund renamed the City Financial UK Select Opportunities Fund from 1st July 2013 is being made available on Cofunds following good inflows and strong performance.

  • Read the press release here

Graham Glass: The tapering conundrum

Graham Glass, head of fixed income at City Financial and manager of the City Financial Strategic Global Bond Fund, provides commentary for June

World investment markets have seen dramatic moves during the past few weeks following Federal Reserve Chairman Bernanke's address to Congress which outlined that the Fed was prepared either to increase or reduce the pace of its bond purchases depending on economic conditions, as the central bank stated on May 1 after its last policy meeting.

  • Read the complete commentary here
  • Read more about the fund here

InterestingLeigh: Taking stock

Leigh Himsworth, head of UK equities at City Financial and manager of the CF Eden UK Select Opportunities Fund, provides commentary for June

The rally in equity markets sparked by two significant events, firstly supportive words from Head of the ECB Mario Draghi and then the launching of Abenomics in Japan, is posing significant questions of investors. Indeed, due to these driving factors there is much to suggest that monetary stimulus lies very much behind the new found desire to invest in all that is Equity. It also goes some way to explaining the leadership in markets driven in large part by more liquid, even defensive stocks and the weakness in commodity related areas as investors have sought to move away from the perceived safety offered by lumps of metal.

  • Read the complete commentary here

City Financial's Mark Harris warns of defensive bubble

Mark Harris, manager of City Financial’s MultiManager range, recently shared his thoughts with FT Adviser regarding high defensive stock values and shifting focus to dividend-growth strategies.

  • Read the article here
  • Read more about the City Financial MultiManager Funds here

InterestingLeigh: The boy who cried wolf

Leigh Himsworth, head of UK equities at City Financial and manager of the CF Eden UK Select Opportunities Fund, provides commentary for May

The UK equity market continues its relentless rise, up another 0.63% in April giving a total return from June 2012 to the end of April this year of 28.5%! I recently re-read my fund commentary from six months ago where I expressed a degree of caution with the market having risen so strongly especially post Mario Draghi’s comments in June of last year. Well, six months further on, in expressing a cautious note, I find myself crying wolf again! Though I think now that I am beginning to slowly understand what has happened and how to play this.

  • Read the complete commentary here

City Financial to acquire OPM Fund Management

As part of the deal City Financial will take on OPM's fund range, worth some £75.2 million in assets. OPM fund manager Tony Yousefian will join City Financial as part of the deal alongside business development manager Richard Carswell. The acquisition will increase the firm's overall retail assets under management to £420 million.

City Financial appointed as manager of the OPM fund range

City Financial has been appointed by OPM Fund Management Limited as manager of its fund range, effective 1st April 2013. As part of this arrangement, City Financial will acquire OPM Fund Management Limited.

  • Read the complete press release here

City Financial's Graham Glass shares his views on higher beta credit

Graham Glass, manager of City Financial Strategic Global Bond Fund, recently shared his thoughts with FT Adviser regarding bonds being nearly fully valued.

  • Read the article here
  • Read more about the fund here

InterestingLeigh: Mr Muddle

Leigh Himsworth, head of UK equities at City Financial and manager of the CF Eden UK Select Opportunities Fund, provides commentary for March

The above title was originally intended to be directed at the UK coalition government who stated early on in their administration that they would rein in spending and let the Bank of England ease monetary policy to stimulate lending and so growth in the economy. Well, neither has worked. We have a contraction in lending and little, if any, slimming of government. Recently though I have found myself included in the title (many readers may say I’ve been that way for years) as I refocus my attention on equity markets that continue to scale new heights.

  • Read the complete commentary here

Graham Glass joins City Financial as head of fixed income

City Financial has appointed Graham Glass as head of fixed income, with effect from 1 March 2013. Graham has been the lead manager of City Financial’s £52m City Financial Strategic Global Bond Fund since its re-launch in January 2012. He will continue to manage the fund in his new role as part of City Financial’s in-house investment team, and lead the development of the firm’s fixed income capability and products.

InterestingLeigh: To boldly go where no one has gone before

Leigh Himsworth, head of UK equities at City Financial and manager of the CF Eden UK Select Opportunities Fund, provides commentary for February

Imagine how happy I was recently to discover that I shared a birthday with none other than William Shatner – Captain James T Kirk! Those of a certain age will undoubtedly share my joy, others who may be much younger and, unmoved by this, just read on...

  • Read the complete commentary here

City Financial’s Leigh Himsworth has been awarded a FE Alpha Manager rating in recognition of consistent outperformance

Only the top 10% of managers, those who have outperformed their peers consistently over their careers as measured as far back as January 2000, are awarded an FE Alpha Manager rating.

Hargreaves Lansdown monitoring City Financial fund managed by Leigh Himsworth for potential inclusion on their Wealth 150 list

Hargreaves Lansdown has stated this week that it is closely monitoring Leigh Himsworth’s CF Eden UK Select Opportunities Fund for potential inclusion on their Wealth 150 list.

City Financial’s Mark Harris considers the signs pointing towards a brighter economy

Mark Harris, Head of multi-asset at City Financial, provides insight on a range of economic issues: how promising economic data is providing a boost for several sectors, his reaction to encouraging Chinese economic data and how the Fed’s intervention and strong employment figures are painting a sunnier picture for the US.

  • Read Mark's latest commentary here

Mark Harris appointed manager of City Financial’s multi-asset funds

Mark Harris has been appointed as manager of City Financial’s multi-asset funds with effect from 31 December 2012. Mark will manage four funds with the aim of delivering optimal risk adjusted returns for clients across a wide range of assets: City Financial MultiManager Growth, City Financial MultiManager Income, City Financial Diversified and City Financial Dynamic.

  • Read the complete press release here

City Financial fund managed by Leigh Himsworth chosen as one of FE Trustnet’s fund picks for 2013

Leigh Himsworth’s CF Eden UK Select Opportunities Fund is among those FE Trustnet’s editorial team has tipped to have a strong year.

  • Read the article here
  • Read more about the fund here

City Financial's Leigh Himsworth calls for policy rethink

Leigh Himsworth, manager of City Financial’s CF Eden UK Select Opportunities Fund, recently shared his thoughts with FT Adviser regarding current economic policy in the UK and its effects on businesses and the UK equity market.

  • Read the article here
  • Read more about the fund here

City Financial and PCE Investors complete transfer

City Financial has completed the transfer of investment management responsibilities for funds and related managed accounts managed by Cumulus Asset Management LLP, PBG Capital Limited, and Wiltshire Capital Limited, in a transaction that continues the development of the Company’s offshore specialist fund range.

  • Read the complete press release here

City Financial attracts top investment team

City Financial is delighted to announce the hiring of Ed Rosengarten and four of his colleagues, Leigh Himsworth, Mark Harris, Thomas Leah and Kevin Mordrick, from Eden Financial, to drive the development of its in-house asset management capability.

  • Read the complete press release here

City Financial appoints David Crawford

City Financial, the London-based investment firm, has appointed David Crawford as its first in-house investment manager with responsibility for the City Financial UK Equity Fund. David, who brings his UK Equity Fund with him from Octopus Investments, has taken up his appointment with effect from September 1st.

  • Read the complete press release here

Why we gave Facebook a pass

Andrew Williams, chief executive of City Financial, along with Eric Schmidt, executive chairman of Google, discuss the recent flotation of social networking giant Facebook with Channel 4 News. Andrew explains why City Financial’s disciplined investment strategy didn’t see value in Facebook shares at their original flotation value of $38.

  • View the Channel 4 News video here

City Financial is delighted to announce two key appointments to its board

Professor David R. Beatty and Mr Michael Stein have joined City Financial as non-executive directors. Both David and Michael have extensive experience working with large, multi-national corporations and helping to build and organically develop businesses. Their appointments represent a significant step in the continued growth and expansion of City Financial.

  • Read our press release here.

City Financial's Graham Glass explains where value can be found in fixed income markets

With many government bond yields currently trading at all time lows and credit markets pricing in an economic downturn of greater proportions than we have seen in 100 years, Graham Glass, lead manager of the newly re-launched City Financial Strategic Global Bond Fund, recently shared his thoughts with Investment Week.

City Financial re-launches Strategic Global Bond Fund

City Financial, the London-based investment firm, has re-launched its Strategic Global Bond Fund to capitalise on the growing investment opportunities in global credit. The fund, which previously invested only in sovereign debt, will now also provide exposure to corporate bonds at the hand of new Lead Manager, Graham Glass.

Fidelity adds City Financial Strategic Gilt Fund to Select List

Fidelity, one of the UK’s largest asset managers, has added the City Financial Strategic Gilt Fund to its recommended select list. This is a fund panel across 14 core sectors which have been selected using Fidelity's Manager Selection Team within the Investment Solutions Group. Fidelity places the City Financial Strategic Gilt Fund alongside funds from PIMCO, GLG, Artemis, and Invesco Perpetual in the fixed income sector. “We are delighted to be included in this new initiative by Fidelity and have seen considerable interest from financial advisers and discrectionary managers since the launch of the fund in 2006," says Andrew Williams, CEO at City Financial.

Ian Williams: why the Fed and BoE are both wrong on inflation

As the Western G7 nations have de-industrialised, the bulk of global manufacturing has switched to South East Asia, particularly China. When this first occurred the effect was that the West experienced imported deflation across a whole range of consumer goods as Chinese products were much cheaper than the Western products they replaced. The problem now is that China is suffering rapid ongoing rates of inflation and as they produce 90% imported consumer goods of the Western economies, China’s inflation is now our inflation.