Lloyd's offers 'namecos' to HNWs

Hedge funds are the latest target for investment in Lloyd's of London with tradable 'Namecos' being offered to fund managers of the super-rich. Members agent Hampden Private Capital (HPC) launched Namecos, which allow private investors in Lloyd's (Names) to buy or sell investments, while enjoying protection from unlimited liability. Nigel Hanbury, chief executive of HPC, said hedge funds would do well to take notice of such an investment: "Lloyd's' third-party capital performed extremely well in the last difficult cycle. "Hedge fund managers are having a hard time. They are looking f...