View more on these topics

io Investors revisit hedge funds

io Investors, a sister company of consulting actuaries Punter Southall, has unveiled its second hedge fund of funds.

The company specialises in multi-manager funds and introduced its first fund of hedge funds in October 2001. This was designed as a lower risk hedge fund, but the new product, the defensive equity fund, is a step above this on the risk ladder.

The fund is based in Dublin and aims to produce returns that reflect the upside of rising stockmarkets, while also delivering positive returns over time when stockmarkets are falling.

The portfolio currently consists of nine hedge funds which use a long and short equity strategy. The funds cover Europe, the US and Japan, but have no exposure to emerging markets. About two thirds of the funds in the portfolio are normally closed to new investors, but io Investors has negotiated terms allowing it to invest in these funds.

The product may appeal to high-net-worth clients and institutional investors who want to shield their capital from the volatility of equity markets, but still have the potential for capital growth if stockmarkets recover. The attraction of hedge funds is that they do not rise and fall in line with stockmarkets, so they may fill a niche for some investors who have been hit by badly performing equity funds.

The fund of hedge funds concept make this fund less risky than some funds, but as it relies only on one hedging strategy, it is not as diverse as it could be. Demand from retail investors may be limited as the minimum investment is very high.


Mendelsohn squeezed out of Royal & Sun Alliance

Royal & Sun Alliance chief executive Bob Mendelsohn is stepping down, after months of speculation that his departure would be the price of a rights issue.Mendelsohn will be replaced in the short term by current chief operating officer Bob Gunn, pending the recruitment of a replacement.Mendelsohn will receive a payout of £1m as compensation for […]

Keydata Investment Services – Extra Income Plan

Tuesday, 10 September 2002 Type: Guaranteed equity bond Aim: Growth linked to the performance of the FTSE 100 index Minimum-maximum investment: £7,000-no maximum Term: Five years Guarantee: Capital returned in full at end of term provided the index does not fall by more than 40%, or if the index does fall by more than 40% […]

FSA&#39s recipe is for an IFA mutual PI

An IFA-funded mutual insurance scheme could be the answer to the PI crisis facing many advisers, according to the FSA.As the FSA looks at solutions to alleviate the problems IFAs are having with finding PI cover, head of investment firms David Kenmir says he has been informally approached with the idea of a collective pool […]

Irish Life International – Secured Growth Bond 9

Tuesday, 10 September 2002 Type: Guaranteed equity bond Aim: Growth linked to the performance of the FTSE Eurotop 100 index Minimum investment: £10,000, euro 10,000 Place of registration: Dublin Investment split: 100% linked to the FTSE Eurotop 100 index Guarantee: Option A &#45 Capital returned in full regardless of the performance of the index, option […]


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