Fund Management and Related Advisory Services

Because of enormous pressure from carrying bulky overhead, mainstream investment managers cannot justify giving highly dedicated attention to smaller pools of funds.

With minimal fixed overhead, RFA can do exactly that. Indeed, the need for exactly such attention has been just as much a driver of the growth of the "hedge fund" concept as the perceived mechanics of those vehicles.

RFA has been an adviser to a BVI registered group since May 2000 and the NAV of their main fund - as audited by KPMG in Luxembourg - appreciated by some 44% from that date to the end of 2002.

Over the same period their US Managed Fund, run on a long-only basis, has risen 5.0% compared to a fall in the S&P 500 of some 45%. RFA is not the sole source of advisory input to these funds and does not seek full credit for these results.

RFA has recently launched - under the auspices of Capita Financial Managers who provide the "wrapper" - the CF Richmond Core Fund. Full details of this Fund, its philosophy and ambitions, can be found under the "Funds" tab on this site.

It is our view at RFA that the days of predominance by the industry giants are over. Whether in a hedge fund wrapper or just by the involvement of small boutiques offering dedicated service, the "small man" is starting to get as good a deal as the massive pension fund. Many talented managers and advisers are going independent. A million dollars is a rounding error to the behemoths. To a boutique it is the whole net worth of a highly valued client.

RFA makes claim to no extraordinary powers to guarantee performance but can claim to be part of the trend towards providing specialized service.

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