The strategies will target UK investors seeking capital growth over the medium to long term within a risk-managed framework and will be “biased” towards passive funds whilst also being able to invest in high-conviction active funds. The new CG Morningstar Multi Asset 40 invests between 30 per cent and 50 per cent in equities, while the CG Morningstar Multi Asset 60 and CG Morningstar Multi Asset 80 have an equity exposure of between 50 per cent and 70 per cent, and 70 per cent and 90 per cent respectively.

Carne is a premier global provider of fund management solutions to the asset management industry including the provision of European management companies, fund platforms, independent fund directorships and other fiduciary services. Carne employs 300 people across 8 countries globally and is a governance and substance provider for 550 clients with assets exceeding $1 trillion in AUM.

Jeremy Soutter, Managing Director, Carne Group said We are delighted that Morningstar has chosen Carne to act as the ACD for its multi-asset strategies. I believe our global scale and capabilities as well as our command and control technology system, CORR, which provides risk and technology driven solutions for investment funds with $2 trillion in AUM, will provide Steve and the team with a solid platform to build out their business both within the UK and beyond.

Steve Croucher, Managing Director, Morningstar Investment Management Europe said It was important for us to partner with a market leading, trusted, global provider of fund governance and risk management solutions. In Carne we found a provider that not only understand the UK market and regulatory framework but has the global footprint and expertise to help us further develop out the business.