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RMB launches diversified target fund targeting DB and DC schemes

Professional Pensions – RMB Asset Management has launched a diversified target fund in a bid to help schemes manage funding volatility.

The asset management firm said the multi-manager RMB Diversified Target Return Fund has exposure to equities, bonds and alternatives such as commodities, hedge fund of funds and property.

It is aimed at both defined benefit and defined contribution pension schemes – and is targeting return of LIBOR (London interbank offered rate) plus 3pc over rolling three year periods.

The underlying managers are researched and monitored by RMB’s multi-manager research team which is headed up by chief executive officer Tom Joy.

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