Former Ruffer director Harry Sevier launches Lulworth Investment Management

Absolute return portfolio range

Ex-Ruffer investment director Harry Sevier has teamed up with P1 Investment Services (P1) to launch Lulworth Investment Management (Lulworth), an independent discretionary investment manager which will work with private clients, charities and advisers.

Lulworth will operate under the regulatory umbrella of P1 and, as part of the launch, the newly launched investment manager will introduce a series of absolute return, time horizon-focused portfolios, which will be available on P1's low-cost platform. The range of model portfolios will have growth, income and ethical mandates, as well as clear time horizons. Platform service worsens as cost of living spurs clients to move assets Lulworth will make the strategies available "across other investment platforms in due course", it explained. "The ongoing consolidation in the weal...