Iimia rides on back of arbs

iimia's nick greenwood invests in trusts run by noted arbitrageurs to drive portfolio in 2006

Iimia's fund of trusts team is targeting arbitrage activity and trusts with fixed redemptions to drive returns in 2006. Manager Nick Greenwood has built a portfolio that takes advantage of the skills of arbitrageurs such as Colin Kings-north from Laxey and Brian Myerson from Principle. Greenwood has taken holdings in the investment trusts of both arbitrageurs, with the investment in Kingsnorth's Value Catalyst trust coming after it listed on Aim late last year. He has sought to make use of a so-called soft approach by taking holdings in trusts that have already decided upon hard close...