In this piece we bring to you the exciting news of Oakglen Wealth being named as the new manager of the Nexus Libero Global Portfolios. Our press release covers more information on this exciting milestone and what senior management have to say.
London / Jersey | 12 March 2024 – Oakglen Wealth, the independently owned wealth manager with offices in Jersey and London, has been appointed by the Board of the Libero International SICAV PLC in conjunction with Blacktower Financial Management Group (“Blacktower”), a provider of independent wealth management advice for both individual and corporate clients, to manage its Libero International SICAV PLC range of funds, the Nexus Global Solutions Portfolio and the Nexus Global Dynamic Portfolio, following an extensive procurement process.
Oakglen Wealth will assume investment management of both Portfolios from 1 June 2024, subject to regulatory approval. The Portfolios will be managed by Jeff Brummette, Chief Investment Officer, and Nick Davis, Investment Director.
The appointment comes as part of Blacktower’s ongoing commitment to deliver a first-class solution to client needs: to elevate performance, drive sustainable growth and maximise returns for its investors. Investors can expect more compact and geography-agnostic portfolios while still focusing on the main objectives for each. The Nexus Global Solutions Portfolio is designed to protect wealth and provide capital growth over the medium term. The Nexus Global Dynamic Portfolio is an actively managed, globally diversified, equity portfolio with the aim of capital appreciation. There will be no change in investor fees.
Oakglen Wealth has also been appointed to relaunch the Nexus Global Cautious Portfolio. The aim is growth over the medium term, with a dual focus on capital protection as well as capital appreciation. This Portfolio relaunch has been created by the normalisation of interest rates and will provide greater flexibility on blending assets for a more tailored investment solution. The addition of the Nexus Global Cautious Portfolio is scheduled to be made available to investors from 1 May 2024.
John Westwood, Group Chairman, Blacktower Financial Management Group, comments: “We are pleased to introduce Oakglen Wealth as the new portfolio manager for the Nexus Global Portfolios. This appointment is an important step for our Group as these Portfolios form a core part of Blacktower’s centralised investment proposition. Following a competitive review process of potential managers, the Board’s decision to appoint Oakglen Wealth was rooted in our commitment to delivering enhanced value and performance for our investors. Oakglen Wealth has consistently outperformed industry indices, demonstrating an ability to identify opportunities and manage risk effectively.
I am also pleased that we are now in a position to relaunch the Nexus Global Cautious Portfolio with Oakglen Wealth. We look forward to the continued progression of these Portfolios to provide a first-class solution to our clients’ needs.”
Jamie Crawford, Group Head of Wealth Management, comments: “We are delighted to be appointed to manage the Libero International SICAV PLC range of funds and launch the Nexus Global Cautious Portfolio. Our wealth management philosophy is founded on the belief that client needs come first and that optimal outcomes are achieved by highly disciplined risk management that protects our clients’ wealth in difficult conditions while enabling them to participate meaningfully when asset prices are rising. This appointment is testament to the experience and expertise of Oakglen Wealth’s team, their understanding of the Nexus Global Portfolio requirements, and is a huge vote of confidence in our investment management capabilities.”
FOR FURTHER INFORMATION, PLEASE CONTACT:
Montfort Communications
Pippa Bailey / Lola Adekaiyaoja
T: +44 (0) 7738 912 267 | +44 (0) 7427 487 118
Blacktower Financial Management Group
Andy Newland
Group Head Of Marketing
Blacktower Financial Management
E: andy.newland@blacktowerfm.com
NOTES TO EDITORS
About Oakglen Wealth
Established in 2016, Oakglen Wealth is an independent investment manager combining service-oriented discretionary and advisory investment management. As an independently owned and managed business, part of the Oakglen Group, our clients are always the priority.
Oakglen Wealth seeks to build enduring relationships, understanding individual needs and constructing strategies that help clients achieve superior outcomes. Oakglen’s distinctive network allows clients to access new investment opportunities and innovative ideas. Its highly personalised service is delivered by an experienced team and is powered by the very latest technology.
As part of the Oakglen Group, Oakglen Wealth is one of several investment and operating companies with interests across the UK, Channel Islands, Europe, and North America, focusing on real estate, private equity, and financial services. The group is responsible for assets exceeding GBP 1 billion and is privately owned with its headquarters in Jersey, Channel Islands.
For further details please visit: www.oakglenwealth.com
About Blacktower Financial Management Group
Blacktower Financial Management Group is a renowned financial services firm offering personalized wealth management solutions to clients worldwide. With a strong commitment to integrity, professionalism, and client satisfaction, Blacktower Financial Management Group aims to provide exceptional financial advice and investment strategies tailored to individual needs.
For further details please visit: www.blacktowerfm.com