Glossary

Glossary

ABI – the Association of British Insurers.

ACD (Authorised Corporate Director) – An entity that enforces the rules and regulations, including registration requirements and post-registration requirements, of investment advisory professionals.

Adviser – A Tavistock Financial Adviser.

Annual Report – Includes details of the fund’s investments and how it has performed with more general financial information relating to the fund. It is available from your fund manager at the end of each financial year.

Bonds – Also known as fixed interest securities, bonds are investments which pay a fixed rate of interest and have a fixed term. Governments or companies may issue them.

Capital – The amount of money you initially put into your savings or investments before it receives any interest or capital growth. In a fund “capital” can also refer to the assets held by the fund excluding any income the fund may receive.

Capital Gains Tax – Tax paid to HM Revenue and Customs on any increase in the value of your savings or investments. The tax is payable on the profits you make when you sell your units/shares. There is an annual exemption limit.

Closed Ended Fund – A publicly traded investment company listed on a stock exchange.

COLL – the FSA rules for collective investment schemes.

Correlation – A statistical measure showing the relationship between two different information sets. The range of the data is -1 to 1, the closer the cross-correlation value is to 1, the more correlated the information sets are.

Custodian – Usually a major banking group, the custodian has been appointed by the fund’s Depositary to safeguard the fund’s assets.

Derivatives – Financial instruments enabling investors to gain exposure to equities, commodities or other investments without having to trade the physical assets or shares. Derivatives include CFDs, Futures, Options and Synthetic Assets.

Diversification – A term used to describe the spreading of risk by investing in a number of different companies and assets. Doing so will mean that you won’t have all of your eggs in one basket.

ETF (Exchange Traded Fund) – security that tracks an index, a commodity or a basket of assets like an index fund, but trades like a share on an exchange.

Full Prospectus – The official document issued by a fund prior to its launch to describe the shares being offered to prospective investors. A prospectus must generally include the characteristics of the proposed fund, such as investment objective and policies, services and fees.

FTSE 100 – Equity index on the London Stock Exchange which comprises the leading 100 UK Companies.

GPP – Group Pension Plan.

Hedging – Making an investment to reduce the risk of adverse price movements in an asset.

Half-Yearly Report – Also known as the “interim report”. It will include details of the fund’s investments and how it has performed with more general financial information relating to the fund.

IA – The Investment Association.

Index – A grouping of shares or fixed interest securities on the stock market which are often similar in size or represent similar industries. For example, the FTSE 100 index represents the largest 100 UK companies by market capitalisation.

KIID – A document containing key investor information and introduced under UCITS legislation in 2011.

Liquid Asset – An asset that can be converted into cash quickly and with minimal impact to the price received. Liquid assets are generally regarded in the same light as cash because their prices are relatively stable when sold on the open market.

Multi-Manager funds – Multi-Manager funds are designed to increase diversification by outsourcing a pool of money for investment to a number of appointed managers.

NAV (Net Asset Value) – A fund’s price per share. It is the value of the fund’s assets less the liabilities, divided by the total number of shares in issue.

Portfolio – Refers to investment holdings. It can either refer to the holdings within a particular fund or the range of investments held by an individual investor.

SIPP – Self-invested Personal Pension.

UCITS IV – A fund that can be marketed in all countries in the European Union. UCITS stands for ‘Undertakings for Collective Investments in Transferable Securities’ and is a European Directive which has been adopted in the UK.

Volatility – The relative rate at which the price of a security moves up and down. This is usually measured by Standard Deviation. The greater the volatility, the higher the risk.

Yield – The amount of income generated by a fund’s investments in relation to the price.

Authorised and regulated by the Financial Conduct Authority No 816958.

Registered in England and Wales No. 11483414

Registered address 101 Wigmore Street, London W1U 1QU

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Information about the Financial Ombudsman Service (FOS) is available                              from their website www.financial-ombudsman.org.uk

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Our funds have moved

The previous Titan Asset Management funds have now moved to a new site and trading entity, Titan Investment Solutions. Titan Asset Management now holds the MPS only.

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Paul Hunt

CEO

Paul Hunt is a proven business leader and entrepreneur with over 30 years’ experience and track record of scaling businesses across multiple sectors. Hunt is highly experienced in business turnarounds, strategic planning and creating a positive people culture geared for success.

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David Chandler

Portfolio Assistant

David is responsible for providing operational support to the fund managers. David has passed the CFA UK IMC and graduated in 2018 with a degree in Economics and Business Management from the University of Sheffield.

James Peel, CFA

Portfolio Manager – ESG

James is a Portfolio Manager at Titan Asset Management and is responsible for Titan’s approach to sustainable investing. He previously worked as a researcher at the British Chamber of Commerce in Taipei. James graduated in 2018 from the University of St Andrews, where he studied economics. He is a CFA charter holder and has passed the CFA UK Investment Management Certificate (IMC), the CFA UK Certificate in ESG Investing, and the CFA UK Certificate in Climate and Investing (CCI).

Jonah Levy, CFA

Portfolio Manager – Physicals

When not collecting various minerals and mining memorabilia, Jonah can be found managing the physical allocations at Titan Asset Management. Prior to Titan he worked at Tavistock Wealth for 3 years, having previously gained experience in Holland at an oil brokerage, and in London at an energy trading house. Jonah is a CFA charter holder, having graduated from St. Andrews University with an MA in Management and Economics.

Alex Livingstone, CFA

Head of Trading – FX & ETFs

Alex is responsible for the ETF trading and FX strategy at Titan Asset Management and has executed over £5 billion of trades during his prior 4 years at Tavistock Wealth. Alex also assists in the wider portfolio management of the CIP specialising in technical analysis and risk management. He is a CFA charter holder and holds an BSc in Retailing, Marketing and Management from Loughborough University.

Sekar Indran, CFA

Senior Portfolio Manager – Equities

Sekar is responsible for managing the team’s equity investments. He helped expand the investment proposition over five years at Tavistock Wealth and continues this role at Titan Asset Management. Sekar has prior financial services experience at Barclays and Allianz. He is a CFA charter holder and holds a BSc degree in Industrial Economics from the University of Nottingham.

John Leiper, MSc, CFA, FDP, CFTe

Chief Investment Officer

John Leiper is the Chief Investment Officer of Titan Asset Management and carries direct responsibility for all investments in the Centralised Investment Proposition (CIP) at the firm. John has 15 years’ experience in financial markets having previously worked in a variety of roles at RBS, Morgan Stanley, Credit Suisse and Tavistock Wealth. John Leiper is a CFA and FDP charter holder and a member of the Society of Technical Analysts. He holds a BSc degree in Economics from Warwick University and an MSc degree in Economic History from the London School of Economics.

Matthew Cureton

Co-Founder

Matthew has been an intrinsic part of Haibun (now Titan Alternatives) since its formation. As a Co-Founder, he has focused on developing relationships with clients, providers, and companies seeking funding.

Matthew’s personal involvement with the fund-raising activities at Titan Alternatives starts at the very beginning of each journey.

Incorporating the due diligence process, meeting with the various management teams, and visiting companies on site, to then being involved with the marketing documents, hosting presentations, and facilitating the investments for clients. Matthew also continues to monitor and report on the investment throughout its life, which has included him taking on Non-Executive Directorships or observer roles on various company boards.