Hedge Funds

City veterans launch Quotidian fund in hedge format

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A 30-year City veteran who has been running a private investment fund for over a decade has decided to launch the strategy in a hedge fund format in a bid to attract new clients and invest in a wider variety of assets.

Philip Richards - no relation to the eponymous co-founder of RAB Capital - founded Quotidian Investments in 1997 and has recently launched a hedge fund based on a strategy he has been trading since 1989.

Richards spent his career in the financial services industry specialising in pensions, investment and tax planning and worked at companies including