Nottingham based boutique T. Bailey has added a further client to its fund services administration business. T. Bailey will act as Authorised Corporate Director (ACD) and Administrator for Edinburgh based Nettle Capital Management LLP.
Nettle Capital’s Frank Rushbrook said ‘We are delighted to be working alongside T. Bailey whose enthusiasm, knowledge and professional services impressed us from our first meeting. Their pragmatic but thorough approach to problem solving is instrumental in the smooth launch of the fund. Our main consideration has always been for the shareholder, and we were left in no doubt that their needs would be more than adequately looked after by T. Bailey’s experienced and helpful administration team.’
The TB Nettle European Micro Cap Fund will launch on 3rd November 2011 and is amongst the first UCITS IV funds to receive authorisation from the FSA. The fund will offer exposure to a range of growth opportunities that are not usually seen in other portfolios due to their very small size. Nettle Capital Management LLP has a single focus and is a specialist in Micro Cap investing.
Helen Stevens, Head of Administration Services for T. Bailey added ‘...David Walton and Frank Rushbrook of Nettle Capital LLP represent a growing movement of optimistic fund managers, intent on doing things well and keeping things simple.
They have clearly identified an area of the market which they feel is undervalued and have constructed a fund to maximise the opportunities that they see, for the benefit of investors. As a start-up company they also understand the need to deliver affordable quality and this is reflected in the straightforward charging structure of the fund and the managers’ commitment to keep the ongoing charges* below 1.3% per annum on the institutional B class.
Whilst launching a new fund is an exciting time for an investment manager, it can also be a stressful and challenging experience. It is our role, therefore, as the ACD and administrator, to alleviate this pressure by taking full responsibility for the daily practicalities of running the fund. It is a combined effort, with each party focusing on their own area of expertise to reach a common goal. This process of shared endeavour is what makes what we do so satisfying.’
* The ongoing charges figure is based on an estimate at launch of the expenses incurred by the fund, assuming a fund size of £5 - 10 million. This figure may be exceeded if the fund size is smaller, due to minimum charges – see Prospectus for details.
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For further information on T. Bailey’s fund administration offering please visit: www.tbailey.co.uk/about/tb-fund-services.
For further information on the TB Nettle European Micro Cap Fund, please visit: http://www.tbailey.co.uk/nettle or call:
Helen Stevens
Head of Administration Services
Direct Line: 0115 988 8219
Important information/risk warnings
The TB Nettle European Micro Cap Fund is not available for investment until its launch date of Thursday 3 November 2011. There will be an initial offer period in respect of this Fund launch for the period from Thursday 3 November 2011 to 11.59 am (UK time) on Wednesday 16 November 2011.
The TB Nettle European Micro Cap Fund is subject to normal stock market fluctuations and other risks inherent in such investments. The value of investments can rise or fall, and past performance is not a reliable indicator of future results.
Full details of the TB Nettle Micro Cap Funds, including charges and risk warnings, are published in the Key Investor Information document. The Prospectus and the Key Investor Information document should be read and understood prior to investing. See www.tbailey.co.uk/nettle for more details.
Information is not directed at persons to whom we are prohibited by law in any jurisdiction from making it available to. All persons should observe the legal and regulatory requirements of the jurisdictions which apply to them.
This document has been produced for information only and should not be interpreted as advice. Please note telephone calls to T. Bailey may be recorded.
This document is issued by T. Bailey Asset Management Ltd (TBAM), which is authorised and regulated by the Financial Services Authority No. 190291. T. Bailey Asset Management Ltd (TBAM) is registered in England & Wales, Number 3720372. Registered office: 64 St James’s Street, Nottingham NG1 6FJ.
Submitted by: Michelle Lawrence
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