Fiduciary services provider Zedra has launched a new Jersey-based open-ended structure - the Zedra Fiduciary Investment Fund - targeted at trustees wanting to ensure that trust assets are invested in a "safe and secure fashion and benefit from best of breed investment management".

The new fund has been designed to address a range of issues faced by trustees charged with overseeing smaller client mandates, where the cost of appointing or changing a fund manager can often be prohibitive.

There are currently two sub-funds, both with a medium risk strategy,  with one aimed at total return investors and the other ...