Ermitage - August 2008

The company launched its first hedge fund in 1984 and its first FoHF in 1997, explains Stephen Smith, vice-president, business development and communication. With over 10 years in the FoHF field, the company believes it has the expertise needed to innovate. One of its newest offerings is ‘intelligent investing'. This is the creation of a ‘customised portfolio system' - basically a bespoke FoHF - for an individual institutional client.

According to Nick Macleod, head of quantitative research and