Richard Tomlinson, former head of multi-strategy products at Old Mutual Asset Managers (UK), has launched advisory boutique Tomlinson Investment Consulting.
Richard Tomlinson, former head of multi-strategy products at Old Mutual Asset Managers (UK), has launched advisory boutique Tomlinson Investment Consulting.
TIC is a provider of front office consultancy services to the investment management industry with a specialisation in providing advice on the use of managed accounts within hedge fund portfolios.
The firm offers independent advice to all stakeholders within the investment industry in areas such as investment process, manager evaluation, risk management, strategic and tactical business planning, product development, infrastructure and other related issues.
Its core expertise is in the management of hedge fund assets through a managed account platform, advising investors and allocators on matters such as: the feasibility of using managed accounts within a hedge fund portfolio; specification, design and implementation of a managed account set-up; maximising the higher-order benefits of a managed account approach such as partial funding, dynamic risk management and enhanced counterparty credit risk management; review and development of investment and risk processes; and manager review and portfolio risk profiling.
Tomlinson (pictured) has more than ten years’ consulting and investment management experience with over seven years’ direct experience of investing and managing global hedge fund assets through proprietary managed account platforms. This experience includes all aspects of the creation and management of a proprietary managed account platform covering design and specification, structuring, operational management, investment and risk management. In addition, he has experience in all key aspects of the senior management of a diversified asset management company.
Tomlinson says: ‘Within the last six months the interest in managed accounts has grown exponentially and the industry is playing catch-up in meeting this need. Many investors believe that managed accounts may benefit them but they are uncertain how. We can provide specialist expertise to assist in this step-change for the industry.
‘Whilst the use of managed accounts within a hedge fund portfolio can provide numerous advantages, investors should not believe the approach is without drawbacks and challenges. When designed and implemented appropriately a managed account set-up can deliver significant benefits to all stakeholders. However, it is also possible to spend a vast amount of time and resource on developing a managed account infrastructure that yields little upside to any stakeholder and in certain cases can be an inferior option to a direct investment.’
