Latitude Investment Management, a boutique investment partnership, celebrated the third anniversary of its Global Fund last month. Launched in 2020, the Global Fund has outperformed many of its peers and is proving a credible disrupter in the global equity sector. The Global Fund offers clients access to the global equity strategy at the heart of the existing top quartile performing multi-asset fund, The Horizon Fund.

Freddie Lait, CIO:

Launching a fund in this market environment has been a challenge, but we’ve been thrilled to see the support from our existing and new client base. Consensus positioning is so concentrated in one corner of the market, and we see great value emerging elsewhere. Clients like our differentiated portfolio construction process and need real alternatives to many of the incumbent managers due to their overlap in positioning. Part of the reason for launching Latitude in the first place was to create an environment where great analysts are able to think deeply, and conclude differently, to the prevailing consensus. The importance of this can’t be understated as we enter, what feels like to us, a new market regime.

Patrick Valentine, Head of Distribution:

To have raised almost a quarter of a billion pounds within the first three years is an amazing result and shows the client demand for genuinely differentiated funds managed by boutiques. With a three-year return of +40% net of fees the fund’s performance is substantially ahead of the largest incumbent peers such as the Fundsmith Equity Fund (+17.21%)

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