Fund Managers looking to access the big pool of SMSF money continue to be lured by the attraction of Listed Investment Company structures

Fund Managers looking to access the big pool of SMSF money continue to be lured by the attraction of Listed Investment Company structures. Manny Pohl, one of the founders of Hyperion Asset Management, is planning to launch a new LIC called Barrack St Investments. After two years of gardening leave, following the sale of his 20% stake in Hyperion, Pohl is currently seeking to raise a minimum of $15 million to seed his newvehicle. The investment strategy will focus on stocks outside the ASX50 - offering a conservatively managed diversification strategy for SMSF investors. Pohl, says that the LIC structure lends itself to a long term view, with the ability to deliver capital growth and yield. Pohl says he has been modeling a portfolio and is ready to invest immediately, however, he says Murphy's law is always working against you in the markets, so we will ease our way in.