Leman Diversified Fund

Leman Diversified Fund sounds like an investment vehicle rather than a retail product, and that is the useful thing to know about it at first glance. By our assessment, it suggests pooled money with a diversified mandate, which is the right idea if the aim is spread-out exposure instead of a single bet. The downside is the usual one for funds of this kind: they can be hard to judge from the outside, and the name alone says nothing about fees, holdings, or strategy. In use, that means more reading and more trust in the manager than in a simple index fund or a single stock. It sits in the broad middle of the fund world, where diversification is the selling point and transparency is often the first thing people look for.