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
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.