James's Feed
May 5, 2009
via Funds Hub

Time for a Horlick’s

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Famed City ‘superwoman’ nicola Horlick is facing a tough fight to save her reputation after a move from the largest investor in her Bramdean Alternatives vehicle, property tycoon Vincent Tchenguiz, which could lead to her being ousted as investment manager.

Horlick, who once refused to hand over her valuable to a robber holding her at gun point, has already hit back at Tchenguiz. Bramdean Alternatives issued a letter on Thursday challenging him to substantiate his claims alongside a warnings that issuing misleading statements is an offence under the Financial Services and Markets Act.

Apr 30, 2009
via Funds Hub

Berkshire shake up augurs well for hedgies

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Berkshire is best known as the leafy home of Windsor Castle but its council pension fund is refusing to conform to the county’s conservative image, unveiling an investments shake up which includes a hefty allocation to one of the most widely hyped investment products going, a hedge fund managed accounts platform.

 

The billion pound fund on Thursday revealed that it will slash its equity weighting to 22.5 percent from 65 and invest 17.5 percent of its portfolio in alternative assets including a 7.5 percent into a hedge fund managed accounts platform run by France’s Lyxor.