Cavendish fund inflows soar
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Cavendish Asset Management has seen a 338% increase in fund inflows from June to October compared with the first five months of the year.
Within Cavendish’s Oeic structure, funds under management grew by 63% to £341m the year ending October. This was supported by two new additions to its fund range, the UK Balanced Income fund and the UK Select fund.
Cavendish has also added to its team with the hire of four analysts and an expansion of its sales and marketing teams. (article continues below)
Cronan MacMahon, the head of sales and marketing, says the group’s sales and marketing push gained momentum in the second half of the year despite economic headwinds.
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