Iveagh Ltd, the family office created to manage the Guinness family wealth, has announced the launch of its first retail wealth fund.

The prime objective of the Iveagh Wealth Fund is wealth preservation and is aimed at families seeking to protect their assets and pass wealth from one generation to the next.

The fund seeks to annualise returns of 9.5 per cent with constrained risk using a multi-asset approach, which has successfully avoided the equity troughs experienced by many conventional funds over the last decade.

The portfolio will invest in alternatives (private equity, venture capital, hedge funds and structured products), real assets (precious metals, natural resources, global real estate), major market equities, emerging market equities, bonds and cash.

The tactical asset allocation strategy aims to increase the portfolio return and reduce downside risk by making tactical adjustments to holdings on a quarterly basis. This strategy makes use of highly liquid instruments such as Exchange Traded Funds and the direct purchase of government bonds.

Fund manager John Ricciardi says, ‘Our primary objective is to preserve and enhance our clients’ wealth, and we do this by seeking to manage risk and provide protection and growth in good and bad market conditions.

'We believe this requires a profound understanding of asset price cycles and investor psychology, so our approach combines valuation and behavioural analysis, helping us to achieve absolute returns over a market cycle.’

The Iveagh Wealth Fund is a bi-monthly dealing OEIC, domiciled in Dublin (Ireland) and is UCITS III qualified. Minimum investment is £50,000, or the currency equivalent, and the annual management fee is 1.5 per cent.

For more information, visit www.iveaghwealth.com