London & Capital Open Miami Office

Stephen Harris

3 May 2005

Private client wealth managers and fund managers London & Capital have announced the opening of its first US satellite office based in Miami. The company is experiencing huge growth in business from Latin America, the Caribbean and North America with an increase of over 40 per cent of assets under management from region and the Miami office will help to support this. The office will initially be run by Tony McLoughlin, investment director, who is a senior member of the London & Capital team and William Dalziel executive director, who for the last eleven years has worked for Zurich Financial Services, as director for international life business in Latin America, then as Distribution Development Director before joining London & Capital. Mr Mcloughlin oversees investment strategy across the company and the company's growing investment strategy team, in addition to his own client management responsibilities. Mr Dalziel has been based in Miami for five years, developing insurance-based wealth structuring solutions for non-US high net worth individuals and their advisers. "In North America, our business focus is fund management, through the Loncap range of investment solutions," said Daniel Freedman, group managing director. "We currently manage seven funds and are planning to launch further vehicles throughout the year. The US market is beginning to appreciate an 'absolute' style of investment management, which is our core house style." London & Capital presently have around $2 billion under management in a variety of funds including funds of hedge funds and funds of property funds. Its philosophy is to manage risk to achieve a specific target rather than to go all out for the highest return at any cost. In this way the company prides itself on being able to manage volatility and on having very low drawdowns and very low attrition rates. They offer a truly diverse and global capability with multi-currency denominated funds both hedged and un-hedged.