Barclays Capital intends to launch an onshore offering of its Radar Fund in March, following the same global macro investment strategy as the Dublin-domiciled version.
The Oeic will be a mirror fund of the Research Analysis Driven Absolute Return (Radar) Fund, which has returned 37.05% since its launch in February 2009, according to BarCap.
The Radar Fund aims to provide positive absolute returns over rolling 12-month periods and is managed by the BarCap Fund Solutions (BCFS) discretionary portfolio management team.
Led by senior portfolio manager of BCFS Jason Smith and head of portfolio management Ian Mizrahi, the team draws together published ideas from BarCap research to create their asset allocation strategy.
A two-stage portfolio construction and management process is used to help the fund to be responsive to changing market conditions. In the first stage investment ideas are generated and in the second the team selects the highest conviction ideas and creates the portfolio to reflect what they believe are the best investment opportunities.
It can invest in a broad spectrum of asset classes, from global equities and bonds through to commodities and currencies.
Jason Smith said: "With the offshore Radar Fund having delivered its objective year-on-year, we have seen growing demand among UK investors for a UK-domiciled version. By launching the Radar Fund as a UK-domiciled Oeic, we are making the strategy available to a wider range of investors."