Hiscox plans UK Special Opps fund

Boutique operation Hiscox Investment Management is looking to offer a UK Special Opportunities fund to intermediaries, writes Robert Stock. The group has put papers in to the FSA to allow it to rename, refocus and outsource the management of one of its three UK Oeic sub-funds, S&F Hiscox Funds at Lloyd's. This was originally set up to hold assets of Lloyd's Names Hiscox group investment officer Alec Foster, who has been with the group for 25 years, said the small S&F Hiscox FAL fund would be refocused as a bottom-up, value-driven portfolio. Foster said the relaunch was intended to incre...