Superwoman Cans Funds Sapping Her Strength

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.


In Depth

U.S. Treasury Moves on Reinsurance Loophole

Apr 24 2015 | 5:11pm ET

The U.S. Treasury Department has released proposed rules aimed at limiting the ability...

Lifestyle

Puerto Rico Woos The Rich But So Far Gains Little

Apr 17 2015 | 2:45am ET

Hedge fund manager Rob Rill grins. He has just had word that U.S. financial regulators...

Guest Contributor

Starting a ‘40 Act Fund Family? Don’t Forget Your Board

Apr 30 2015 | 7:18am ET

The convergence of the hedge fund and mutual fund worlds continues unabated, as...

 

Editor's Note