Tilney signs London Town for Opal fund

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Tilney Investment Management is to launch an offshore fund of hedge funds and a residential property...

Tilney Investment Management is to launch an offshore fund of hedge funds and a residential property fund early next year. The Opal London Town Property fund and Opal Alternative Growth fund will launch in January and will be domiciled in Bermuda and listed on the Irish Stock Exchange in Dublin. Tilney is targeting high net-worth individuals with large amounts to invest and the fund will be offered through its clients, as well as via intermediaries. Opal London Town Property will be managed by Tilney with property developers London Town acting as advisers on the fund. It will look to...

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