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Discretionary offering launched by Killik alumni

November 10, 2016

 

 

Patronus Partners, the asset management boutique set up by three ex-Killik partners, has entered the discretionary market with the launch of a wealth division offering six managed portfolios.

 

Patronus Investment Management runs three distinct mandates: Global Multi Asset; Global Large Cap Equity; and Small-Mid Cap. The Global Multi Asset portfolio includes conservative, balanced, adventurous and an unconstrained version. They will invest across different asset classes, holding a combination of direct investments, ETFs and third-party funds.

 

The Global Large Cap Equity and the Small-Mid Cap funds will hold direct equities with the latter having a UK bias.

 

The Global Multi Asset and the Global Large Cap Equity portfolios will carry an annual management charge of 0.65% with Small-Mid Cap higher at 1%, both before VAT. All fees include transaction charges and there is no performance fee. The minimum investment across the range is £50,000, although this rises to £200,000 for Global Multi Asset portfolios with direct holdings, rather than just collectives.

 

The proposition will be run by Patronus Partners’ head of equities Jonathan Jackson and chief investment officer John Prior, both of whom joined from Killik. 

 

Prior was a founding director of the firm, which was established last June, alongside former Killik colleagues Paul Kavanagh (pictured), who is CEO, and Kareem Khouri, chief operating officer.

 

Jeremy Steinson, a director at Patronus Partners, told Wealth Manager: ‘With its new offering, Patronus seeks to occupy the space between some of the traditional discretionary managers and the new breed, by offering individual portfolio management, access to an experienced relationship manager but with a firm eye

on cost.’

 

Joshua Thurston

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