Heptagon Capital to offer Ucits version of Yacktman fund to UK investors

European asset manager Heptagon Capital is making Texan equity manager Yacktman Asset Management available to UK investors for the first time with the launch of a Ucits version of the Yacktman US Equity fund.

Heptagon will launch and distribute the new fund, which is based on the $3bn (£1.9bn) large-cap US Equity portfolio, on 1 December. The existing strategy is ranked in the top 1% of its peers in Morningstar’s US large-cap value sector over three, five and 10 years. The team, headed by CIO Donald Yacktman, adopts a bottom-up, value-focused strategy without benchmark constraints. He invests in fewer than 50 companies, seeking cheap entry points in solid businesses with shareholder-oriented managers. In the second half of 2010, US Equity has been heavily overweight in consumer discreti...