Learn about the TM Castlefield Risk Managed Fund (formerly Castlefield Real Return Fund)
About the Fund
The TM Castlefield Risk Managed Fund aims to deliver positive returns over the long term (5 years or more) by investing in a flexible, actively managed portfolio across a range of asset classes. This includes investing in structured products, which can be used to reference a range of other underlying asset classes and geographic markets. They also have the potential to deliver growth even when underlying markets are flat or even down.
The fund has two main measures that investors can use to assess how the fund is delivering against its objective, the level of volatility of the fund being maintained within a range of 40-60% of the volatility of risky assets, as measures by the IA Global equity fund sector; and a performance measure of the Sterling Overnight Index Average rate (SONIA rate), which is the risk free return on cash for sterling investors.
Access multiple asset classes in a global approach
Uses alternative assets to keep risk* between 40-60% of that of global equities
*Risk as defined by volatility, or standard deviation, of returns relative to IA Global Equity sector average.
The Fund Process
In order to achieve this, the portfolio provides access to a wide range of investment classes including structured products, infrastructure and commodities as well as investments in the fixed income sector, including unrated bonds, floating rate debt and senior loans.
In this way, we feel we are able to meet the long term needs of those investors who are conscious of the effects of inflation eroding the value of their investments, but who are generally unwilling or unable to accept the volatility that traditionally goes hand in hand with investing in global equity markets.
Why the Risk Managed Fund?
By providing a low-volatility vehicle to access these returns, we are able to maximise long-term returns to investors. We can also substantially reduce the risks around timing an investment into or withdrawal from the fund.
Important Information
Castlefield is the trading name of Castlefield Investment Partners LLP (CIP) and a registered trademark and the property of Castlefield Partners Limited. CIP is authorised and regulated by the Financial Conduct Authority. Registered in England & Wales No. OC302833. Registered Office 8th Floor, 111 Piccadilly, M1 2HY. Part of the Castlefield employee-owned group. Member of the Employee Ownership Association. Opinions constitute our judgement as of this date and are subject to change without warning. The officers and employees of Castlefield Investment Partners LLP may have positions in any securities mentioned herein. This website shall be governed by and construed in accordance with the law of England and Wales and is subject to the exclusive jurisdiction of the English Courts.
The value of investments, and the income from them, can go down as well as up, and you may not recover the amount of your original investment. Past performance is not necessarily a guide to future performance. Where an investment involves exposure to a foreign currency, changes in rates of exchange may cause the value of the investment, and the income from it, to go up or down. in the case of some investments, you should be aware that there is no recognised market for them, and that it may be therefore be difficult for you to deal in them or for you to obtain reliable information about their value or the extent of the risks to which they are exposed. Certain investments carry a higher degree of risk than others and are, therefore, unsuitable for some investors.
The information on this website is not intended as an offer or solicitation to buy or sell securities or any other investment or banking product, nor does it constitute a personal recommendation.
READY TO INVEST?
If you have read all of the important material listed above and want to make an investment, you can do that on-line, right now, by visiting Castlefield.direct using the link below:
ADDITIONAL RESOURCES:
Mark Elliott, The Fund Manager
I was one of the founding members of the Castlefield investment management business, having previously worked with the rest of the team within the institutional investment and fund management division of private bank, Brown Shipley.
After taking something of a leap into the unknown, the business continues to grow rapidly. In addition to managing segregated accounts for the firm’s discretionary clients, I’m also co-manager of the Thoughtful World Equity Fund and the long-standing lead manager of the Risk Managed Fund.
Want to talk it through?
To find out more about our range of funds and services, or to see how we may be able to support you, please call us on 0161 233 4890.
If you aren’t ready for a call, please email us at enquiries@castlefield.com and we’ll do our best to answer your questions.
Important Information To Read
You can find all relevant fund literature - including Assessment of Value, Factsheet, KIID, Prospectus, Financial Statements, TMA - along with application forms at the Tutman website (opens in new tab).
From 4th August 2025 Thesis Unit Trust Management Limited (TUTMAN) acts as the Authorised Corporate Director (ACD) of the Castlefield fund range and is legally responsible for the day-to-day running of the funds.
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