View more on these topics

Albemarle hedge fund awarded AA rating

The Albemarle growth fund has received an AA rating from hedge fund analyst Allenbridge Hedgeinfo.

Run by London-based Baltic Asset Management, the Albemarle growth fund is a multi-strategy fund of hedge funds which combines exposure to long/short equity, merger arbitrage, relative value, global macro, event-driven and special situations strategies.

According to Allenbridge Hedgeinfo, the fund has returned over 10.8 per cent a year since inception in early 2000 and over 13.5 per cent in the 12 months to June 2006.

The fund held more than 70 hedge funds at the time of the review and, given this level of diversification, Allenbridge Hedgeinfo believes its returns have been impressive.

The Allenbridge Hedge info ratings system is based on an assessment of the fund manager’s investment strategy and risk management, highlighting the due diligence process behind the selection of the underlying funds.

Allenbridge Hedgeinfo director Odi Lahav says: “We have known Baltic for a number of years. Our opinion of them has always been high and our ratings process has reaffirmed this.

“Many fund of hedge fund managers are cutting the number of funds in their portfolios but the managers of Albemarle believe that diversification is the key to managing risk.”


BM challenges ING with its new direct savings account

Birmingham Midshires has launched a new direct savings account with a rate of 4.75 per cent, looking to challenge the likes of ING.The account has been launched with the promise that it will pay 0.25 per cent more than the popular ING Direct Savings account until 1 August 2008.But warns that conditions in the […]

Leeds Building Society slashes rate on 3-year fix

Leeds Building Society has reduced the rate on its 3 year fixed ratemortgage and fee free version by up to 0.50 per cent. Previously at 5.39 per cent, the 3-year fixed rate mortgage has been reduced to 4.99 per cent and the the fee free version, which was previously 5.89 per cent is now 5.39 […]

Abbey aims high for annual premiums

Abbey wants to more than double its annual-premium pension and investment business to over £2bn in the next 18 months. It is seeking to increase its number of branch-based advisers from 350 to about 750.

Rightmove dumps Hips

Property website Rightmove has confirmed it is axing its home information pack proposition following the Government’s dramatic U-turn on Hips last week.Rightmove had planned to spend 22m developing its HIPs proposition, of which approximately 7m has been spent to date. Exit costs are expected to be 1.2m.Last week, housing minister Yvette Cooper announced that home […]

Life cover for life

Jennifer Gilchrist Proposition Lead – Design, Royal London When someone mentions whole of life plans, most people will think of a niche product that serves as an inheritance tax planning tool for high-net-worth clients. And it’s really not surprising they’ve been pigeonholed in that way because before the arrival of RDR in 2013, that’s more […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm