HSBC’s Gascoigne resurfaces to head Allenbridge’s advisory business
January 17, 2013
Tim Gascoigne, former global head of portfolio management at HSBC’s Alternative Investment Group, has joined Allenbridge Investment Solutions as head of alternatives. Gascoigne was responsible for managing HSBC’s flagship fund of funds, as well as the group’s institutional and private client discretionary mandates.
With more than 16 years’ experience managing and researching alternatives investment portfolios at HSBC, Gascoigne has been hired to spearhead the firm’s bespoke alternative investments advisory service.
Like bfinance’s hire of Chris Jones from Key Asset Management, many consulting firms especially in the UK are making in-roads into to the hedge fund selection and advisory market that was once dominated by funds of funds.
Such advisory business aims to take advantage of these firms’ captive investment consulting clients and their desire for hedge funds as well as the need to cut fees in a low interest-rate, low-return environment.
AllenbridgeIS and its subsidiary AllenbridgeEpic Investment Advisers are investment advisers to UK pension funds and charities, including Dorset, Derbyshire, Durham and Worcestershire County Councils, Islington, Hounslow and Bromley Borough Councils, Hays Group, Fullers and DS Smith. Mandates from large local authority pension funds and leading FTSE index constituents have built assets under advice to more than $51 billion.
“Tim brings considerable direct and practical experience managing portfolios of alternative investments for institutions. We believe that the recent trends of institutional capital flowing into alternative investments will continue and we are committed to expanding and enhancing our capabilities in the sector,” said Odi Lahav, chief executive officer of AllenbridgeIS.