OLD MUTUAL PLC -
ISIN: GB0007389926
Share code: OML
Old Mutual plc
Bright Capital
Old Mutual plc (`Old Mutual") is pleased to announce the re-launch of its GNI
Fund Management operation under the name Bright Capital, a fund of hedge funds
manager, which aims to capitalise on the opportunities it has identified in
broadening its alternative investment offer to an institutional audience.
During the past 18 months Bright Capital has developed and consolidated its
distinctive risk process, achieving risk control through a combination of
transparency, liquidity and corporate governance.
Hasan Askari, Deputy Chairman & CEO, Old Mutual Financial Services (UK) plc,
says:
"We believe that fund of hedge funds are a key growth area of asset management,
as institutional and sophisticated private investors look for new ways to
generate returns. In response to this, with Bright Capital we have developed a
distinctive offering, based on a rigorous risk control process that we believe
has the potential to redefine investors" expectations and widen access to the
hedge fund industry."
A copy of Bright Capital"s full press release and further information is
available at www.brightcapital.com
Bright Capital is a subsidiary of Old Mutual Financial Services (UK) plc. Old
Mutual Financial Services (UK) plc is Old Mutual"s operating division in the UK
and also comprises
Gerrard, the leading private client wealth manager; Selestia, the IFA investment
platform, and Old Mutual Asset Managers (UK), a fast growing investment
boutique.
6 May 2003
Enquiries
Facade:
Nathalie Dassas. Tel: +44 20 7253 2828 nathalie@facadeinter.com
Claire Dawson. Tel: +44 20 7253 2828 claire@facadeinter.com
Bright Capital:
Ross Jones, Chief Executive Officer. Tel: +44 20 7002 6018
Matt Hollier, Development Director. Tel: +44 20 7002 6076
Old Mutual plc:
James Poole, Director, Corporate Affairs. Tel: +44 20 7569 0100
Julie Saxton, Corporate Communications Manager. Tel: +44 207 569 0133
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
