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Latham Lovells Partners to Streamline Fund Lineup with Planned Mergers

Top Quote The remaining fund will adopt a new annual distribution target rate of 4% (from 5%) and continue to adhere to a total return-based approach. End Quote
  • (1888PressRelease) February 07, 2019 - Latham Lovells Partners, a forward-looking financial advisor with an innovative product development strategy that is responsive to the needs of investors in a complex market environment, plans to streamline its investment offerings by merging five funds, including two index funds, an actively managed growth fund, and two retirement income funds.

    “We have moved to simplify our funds and our overall fund lineup. In a continuation of that effort, we have decided to merge a handful of funds that have similar objectives and strategies,” said Shun Tak-kei, Latham Lovells Partners’ Chief Executive Officer. He noted that Latham Lovells Partners, in a related announcement, is paring the number of its fund share-class offerings.

    The remaining fund will adopt a new annual distribution target rate of 4% (from 5%) and continue to adhere to a total return-based approach by allocating its assets across Latham Lovells Partners funds that invest in a broadly diversified selection of investments, including stocks, REITs, bonds, cash, inflation-linked investments, and selected other exposures, such as commodities and market-neutral investments. Latham Lovells Partners research indicates that a 4% payout offers a higher probability of providing a stable income stream that can be sustained over the 20-30 year retirement period of the typical retiree.

    “After careful consideration of the funds’ investment objectives and payout records, along with our expectations for future stock and bond returns, the funds’ Board of Trustees determined that the merger was the prudent course of action,” said Lau Sze Lim, co‐founder and Chief Investment Officer of Latham Lovells Partners.

    About Latham Lovells Partners
    Latham Lovells Partners is a forward-looking financial advisor with an innovative product development strategy that is responsive to the needs of investors in a complex market environment. Since its inception, Latham Lovells Partners has stayed true to its mission: deliver better client outcomes through actively managed investment solutions. The company offers a broad range of fixed income, equity and multi-asset strategies in addition to a suite of exchange-traded products. Through deep expertise in security selection, portfolio construction, and asset allocation, Latham Lovells help individual and institutional investors meet their goals, including growth of capital, volatility management, uncorrelated returns and income.

    http://www.latham-lovells.com

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