Parmenion partners with Margetts to launch new alternatives fund

Parmenion has launched a new fund in partnership with Margetts to give investors exposure to a broad range of alternatives.

The investment platform confirmed that the MGTS Parmenion Diversified Alternatives Fund will offer access to commodities, infrastructure, and property.

Parmenion said it chose to partner with Margetts for the fund rollout after being impressed with the firm’s operational capabilities, cultural alignment and knowledge of the requirements for delivering alternative fund solutions.

The launch comes four years after Parmenion introduced the diversified alternatives asset class to its MPS range in 2022. The new fund will include investments in ETFs and investment trusts, enabling a broad exposure to a range of alternatives assets and strategies. In the future, Parmenion said the fund will be able to invest in long-term asset funds (LTAFs) and private equity, where suitable.

Parmenion said it plans to use the new fund to replace the funds currently held in the diversified alternatives asset class for most Parmenion Investment Management Solutions. The fund will be available as both a standalone solution for advisers building their own portfolios, and as a building block within Parmenion’s model portfolio service.

Investment decisions on the new fund will be made by the Parmenion Investment Management team, led by Simon Molica, supported by Timothy Willis.

“Clients need new tools to diversify and manage risk in an environment of rising inflation, macroeconomic shocks and volatile markets,” Parmenion chief commercial officer, Mike Morrow, commented.

“With the launch of the MGTS Parmenion Diversified Alternatives Fund, we are giving them those tools in one standalone solution, which will give access to a wide range of alternative strategies in one fund structure.

“The fund will be used in Parmenion’s DFM portfolios where it meets clear client needs, and we also hope the fund will appeal to other DFMs for their own portfolios. We are seeing strong demand for innovative solutions which make alternative investments more easily accessible, so we hope advisers and their clients will welcome this fund as a useful addition to diversified portfolios.”

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