UK boutique raises £60m seed capital for first 'defensive' structured Ucits play, seeks retail distribution agreement
Levendi has rolled out its first structured fund aimed at investors seeking a target return while controlling volatility and looking to minimise the chance and scale of losses. The Levendi Thornbridge Defined Return Fund is an undertakings for collective investment in transferable securities (Ucits)-compliant offering that aims to provide capital growth over the medium term. The product offers a distribution share class that provides an annual income of 5% and seeks to generate a return of 6% over UK sterling Libor with less volatility than global equity markets.
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