Friday, 30 January 2015
Last updated 6 hours ago
Aug 22 2008 | 12:05pm ET
Bramdean Asset Management’s listed fund of hedge funds is doing away with its less-super investments.
The London firm, run by “Superwoman” Nicola Horlick, pulled its investments in five of the eight hedge funds in its transitional portfolio. Among those canned in the fund’s biggest-ever monthly reshuffle was a fund run by Nobel Prize winner Myron Scholes.
“In response to the continuing market turbulence,” the firm “is increasing the focus on capital preservation,” it said in a statement.
The funds no longer managing money for £131 million (US$243 million) fund of funds are Scholes’ Platinum Grove Contingent Capital Offshore Fund, York Capital Management’s Asian and European funds, the Enso Global Equities Fund and Oak Hill Credit Alpha Fund. Bramdean also switched funds at James Simons’ Renaissance Technologies, moving its money from the Renaissance Institutional Equities Fund to the Renaissance Institutional Funds Fund International.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…