IC Wales – The First hedge fund to be based in Wales has been given approval by the Financial Services Authority (FSA) to act as an independent investment fund manager and adviser.
The Cadwyn Global fund, managed by Cardiff headquartered Cadwyn Capital (in a joint venture with PCE Investors), was launched in July after raising £17m.
The macro fund is the idea of Cadwyn Capital’s Aberdare-born managing partner Gerry Holtham – who is also acting as the fund’s lead investment manager.