The fund has been in operation for just over 12 months, having been launched purely for the institutional market in July 2010, and has delivered a return of 12 per cent over this period.
"What we wanted to do was start the fund, focus solely on performance for the first 12 months, do very limited marketing and then roll it out to the retail market, which is where we're at today," Lanyon Asset Management portfolio manager David Prescott said. «
