Dean begins 'joust' with launch of Sanditon UK fund

Sanditon has launched a new UK fund for Julie Dean, nine months after she left Schroders to join the firm.

The TM Sanditon UK fund will launch on 22 June and seek to achieve returns that are 2% per annum in excess of the FTSE All-Share index, over a rolling three-year period. The fund will invest in around 35-65 listed UK equities, with Dean continuing to employ the business cycle approach, which assesses earnings growth and valuations relative to different stages of the cycle. The fund's A share class will have an ongoing charge of 0.86% and a minimum investment of £20,000, while the institutional F share class - which has a minimum investment of £5m - will charge 0.76%. Dean said: "I ...