HgCapital’s quoted vehicle slashes assets 29%(2)

The firm’s London-listed trust recorded a strong cash position despite the unrealised write-downs and is planning to ‘bide [its] time' in 2009. HgCapital CIO Frances Jacob noted the listed trust does not have the same sort of over-allocation strategy that has recently caused problems for other listed vehicles including fund of funds linked to Candover and SVG.