Chelverton Asset Management has launched a UK equities fund to be managed by Julie Dean, who joined the firm earlier this year, alongside Henry Botting.
The Chelverton UK Opportunities fund is an all-cap fund with 35 to 55 stocks, and 60% of assets in large-cap holdings. It targets outperforming the UK equity market by 3% each year over rolling three-year cycles.
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Dean will bring nearly 30 years of experience to managing the fund. She started her career with GT Asset Management in 1992 as a UK equity manager, before time at HSBC Asset Management and Cazenove. In 2015, Dean became an owner manager of Sanditon Asset Management alongside Tim Russell and Chris Rice who created the boutique in 2013. After a period of poor performance by the firm’s absolute return strategies, Sanditon wound up in 2019 due to profitability concerns.
Dean will return to asset…
