UK's sole open-ended timber fund expects to double

The UK's sole open-ended timber fund is expecting to double its assets again this year as investors ...

The UK's sole open-ended timber fund is expecting to double its assets again this year as investors flock to alternative assets. The Quadris Environmental Investment fund went from £10m to £22m over 2007 and has already reached £36m this year. Managing director Ian Hook expects the fund to double again by the end of the year. "There has been a lot of interest over the last few months because alternatives are attracting mainstream attention given market volatility," he added. Hook said the vehicle is uncorrelated with the stock market, with volatility around half that of the FTSE All...