FOUR Capital to launch US fund for new hire

FOUR Capital is to launch a US Dividend Income fund for new hire Adour Sarkissian this December.

Sarkissian joined the group in October from ING where he ran the $1.7bn ING US High Dividend fund for seven years. His fund at FOUR will be run on similar lines to his fund at ING and will be launched seeded with $100m from Sanlam. This will be divided between $75m in a segregated mandate and $25m in a pooled fund for retail investors.  This will be the firm's first fund launch since it was announced Sanlam International Investment had taken a 89% controlling stake in the business. This deal is awaiting FCA approval, but the firm will be known as Sanlam FOUR in the future.