Funds Hub
Money managers under the microscope
Back to basics
Liverpool Victoria Asset Management managing director Ann Roughead is a woman on a mission.
She is trying to sell her “no frills, back to basics” investment style to UK investors and as she prepares to take her business to UK institutions next year, she insists the existing UK investment model of churning out products and ideas is a broken one.
“What is the point of always looking for the next best idea? And what is the point of selling people something they don’t want? For example, if you are running a Mars factory and nobody liked the taste of the bars you were producing, you would be out of business.”
LVAM only offers three broad asset classes – equities, bonds and property, which is managed by an in-house team. “Our fund managers are honest to God stock pickers. They value the market, they don’t base it on some black-box approach.” So far, LVAM’s AuM figures seem to bear Roughead out.
Morning Line-Up
Enlightening stories on the hedge fund industry from Reuters and elsewhere.
Macro hedge funds, stockpickers tipped for 2010 – Reuters
U.K. Tax Makes Hedge Funds Mull Swiss Move, Ernst & Young Says - Bloomberg
Why This Hedge Fund Analyst Owns Fannie and Freddie - SeekingAlpha
David Yarrow: founder of the ‘celebrity’ hedge fund - Telegraph
Morning line-up
Hedge fund stories from the past 24 hours from Reuters and elsewhere:
Mark Dampier: Hedge your bets on a stock picker – Independent
Once high-flyers Lehman traders grounded at Mizuho – Reuters
SEC needs a real hunger to hunt Madoffs – Sunday Times
Rentals abound in hedge fund hub - NY Times DealBook
“Capitalism is evil” says Michael Moore’s new film – Reuters
