Guinness family office opens risk-rated fund range

Guinness family office and asset management firm Iveagh Private Investment House has opened six risk-rated, multi-asset Ucits funds with global exposure.

Iveagh Private Investment House, one of the oldest family offices established to protect the fortune of the Guinness brewing empire, is offering a risk-rated fund range through its asset management division in a bid to counteract market uncertainty.

Six funds have opened, ranging from cautious to adventurous, as per ratings in line with consultancy firm Towers Watson’s risk profiling questionnaire.

Risk is capped, with investors unable to raise the risk level of the particular fund they choose, although they are able to reduce it by three levels.

The funds are multi-asset, including equities, traditional assets and non-correlated asset classes, with global exposure (investment universe below). One of the funds, the Iveagh Income Portfolio, also aims to deliver income for investors.

Iveagh private client account managers are responsible for managing the latest fund range.

They will adopt the same asset allocation process used for the Iveagh Wealth Fund. It currently holds £242m with investors including members of the Guinness family.

The funds are Ucits III compliant, domiciled in Dublin.

They meet the requirements of the Retail Distribution Review (RDR) that aims to deliver better clarity for investors by mandating targeted risk-return profiles.

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