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Welcome to the brains trust
Jersey's Ermitage has made a name for itself investing in leading managers and as its chief executive officer, Ian Cadby explains to Solomon Teague, finding and mixing them to avoid the worst of market downturns goes far further than a good contact book.
![ian-cadby ian-cadby](/sites/default/files/styles/landscape_750_463/public/import/IMG/228/250228/ian-cadby-580x358.jpg.webp?itok=_nh0QjIe)
In May 2006, the management of Liberty Ermitage acquired the fund of hedge fund group, in a buy-out backed by Caledonia, the group that assisted the Gartmore MBO.
It was a good time to own an alternatives asset management house. The bear market of 1999-2003 was a major catalyst in the growing popularity of alternatives and investors were looking at various ways to diversify their portfolios to protect them, as the markets stumbled around them.
This brave new world of alternatives helped motivate
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