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&#39Hedge&#39 aims for 15% growth

Sophisticated high-net-worth clients are being targeted by the Frank

Russell Company to invest in the alternative strategies fund.

This offshore Oeic aims to produce ret-urns of between 10 and 15 per cent

a year.It invests in hedge fund strategies such as event-driven,

market-neutral arbitrage and long and short selling.

Event-driven strategies take advantage of circumstances such as

stockmarket flotations and takeover bids and market-neutral arbitrage

involves trading between different securities issued by the same company.

Long and short selling is where overvalued securities are sold by the fund

manager, who intends to buy them back at a lower price.

Global stockmarkets tend to follow the same direction and as a hedge fund,

the alternative strategies fund is independent from this movement, which

may be an advantage given recent volatility.

Some hedge fund strategies are not as volatile as stockmarket investments,

but this does not mean they are low risk.

The alternative strategies fund tries to reduce risk by using 14 different

managers who use different investment strategies. However, investors must

be prepared to take a gamble on the fund manager making the right choice to

buy or sell securities at the right time.


PIA ends membership of two firms

The PIA is terminating the membership of IFAs JDH Blackburn (Life &Pensions) of Premier House, The Green, Guiseley, West Yorkshire and MAOlymbios Financial Services of George Lane, South Woodford, London. Bothfirms had their membership terminated on the ground that they had notconducted any business regulated by the PIA for a continuous period of 12months.

Goodfellow writ against Burns-Anderson

The Goodfellow group of companies is set to issue a writ againstBurns-Anderson for infringement of trademark over use of the names UV andUltraviolet. Burns-Anderson uses the names for its new network services butGoodfellow claims it registered both names as trademarks last year and isusing them for its specialist e-business and website advice company and anumber […]

Britannic Asset Management – Britannic UK Income Trust

Wednesday, 11 July 2001.Type: Split-capital investment trust.Aim: Income and growth by investing in UK equities, split capital shares and corporate bonds.Minimum investment: Guaranteed income shares £10,000.Maximum investment: None.Investment split: UK equities 50 per cent, split capital shares 30 per cent, corporate bonds 20 per cent.Types of share: Guaranteed income, ordinary, zero-dividend preference.Isa link: No.Pep transfers: […]

ICS deal over Towry Law was the best option

The Investors&#39 Compensation Scheme is very concerned to set the recordstraight on our agreement with Towry Law and others. One of ICS&#39 main concerns is to save the levy payer money in the event ofa company being unable to pay the claims against it and being declared indefault. This was the case with Advizas. In […]

Tapering of annual allowance – adjusted and threshold income

The definitions of adjusted income and threshold income used to determine whether, and to what extent, someone’s annual allowance will be reduced can be confusing.  Here we try to make sense of it all. The annual allowance will be reduced for high income individuals from 6 April 2016.  Our previous article Tapering of annual allowance […]


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