Financial Services Industry
Industry: Email Alert RSS FeedHiscox targets large IFA market with five funds.
Investment Adviser, April, 2004
Hiscox Investment Management has made a push into the retail market, targeting high net-worth investment advisers.
The firm, which has had little exposure to the retail market in the past, is hoping to capture the attention of IFAs Hargreaves Lansdown and Towry Law to begin with.
Hiscox has approached the pair with five specialist funds - GBP42.5m Insurance Portfolio, GBP9m US Financial fund, the GBP34.7m Far Eastern Financial, GBP8m European Financial and the dollar-based GBP2.6m Insurance funds.
Alec Foster, group investment director, said: "The reason behind expanding our team is to grow the funds under management - we manage about GBP140m in the four financial funds and one insurance fund. While these are specialist funds, there is a...
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