Bedlam looks set to domicile funds in Dublin

Bedlam Asset Management, a group that will not charge for funds if they make losses, is likely to domicile its funds in Dublin to accommodate its performance fee structure. The group will launch UK, global and emerging markets funds in October. Each will hold 25-30 stocks but, to outperform falling markets, the portfolios may have to include a substantial proportion of cash. The group is being set up by Jonathan Compton, formerly a fund manager at Samuel Montagu and deputy chairman of Credit Lyonnais subsidiary CLSA Global Emerging Markets. The funds are subject to regulatory approval.