Deco Capital is charging into the hedge fund market with the Boadicea fund.
Boadicea is Deco Capitals first fund and is aimed at the sophisticated investor who is looking for a medium-risk product to add to a portfolio.
The fund will invest in a spread of between 30 and 50 companies based in the UK and Europe, with the companies being chosen by the directors and founding members of Deco Capital, Niru Devani and Margaret Coughtrie.
Coughtrie and Devani will choose the companies on a top-down and bottom-up basis. First they will look at the global economic scene to identify areas which look promising. They will then examine the companies in these areas, looking at the management of each, along with financial strength and potential for the future.
Boadicea will then either go long or go short on these companies, depending on what is happening to the global stockmarket and how the companies will react to changing circumstances.
Before founding Deco Capital in March 2001, Coughtrie spent nine years as an analyst with Canadian pension fund La Caisse de Depot, having worked for Allied Dunbar Asset Management from 1988 to 1992. Devani worked as senior portfolio manager for Scudder Threadneedle from 1994 to 2000 and also worked for Allied Dunbar Asset Management from 1987 to 1994.