Barclays Capital Fund Solutions (BCFS) is the investment management business of Barclays Capital, the investment banking division of Barclays Bank PLC.

The emergence of new asset classes, growth in demand for derivative solutions and an investor shift towards absolute returns have identified a strong necessity for an alternative fund management approach that:

• Offers clients greater customisation of investment management products
• Uses state-of-the art financial thinking but is adaptive to changes in the investment environment
• Delivers multi-asset class performance, with the flexibility to access new asset classes as they emerge
• Considers the complexities of multi-jurisdictional investors and asset bases to deliver pragmatic financial solutions

The BCFS business model and approach focus on this evolving market segment. BCFS combines its multi–jurisdictional fund expertise with world-class structuring, derivatives trading and asset allocation expertise to deliver applied investment innovation in fund management across all asset classes. The BCFS team is advised by Barclays Capital’s award-winning research team.

Key Attributes
Since launch of the first fund in January 2006, BCFS has:

• Attracted leading investors, establishing a significant fund business and market leadership in applied investment innovation
• Established a diverse client base from insurance companies, asset managers and corporate treasuries to family offices and private banking investors
• Provided exposure to multiple asset classes including equities, commodities, interest rates, foreign exchange, fixed income, emerging markets, hedge funds and property
• Grown assets under management to more than USD 6bn* in structured and quantitative strategies and manages more than 70 funds
• Built a global footprint with funds distributed throughout South America, Europe and Asia Pacific
• Increased its strong front- to back-office team to 70

*as of 30 June 2008

Multi-disciplinary team
BCFS brings together a multi-disciplinary team with depth and breadth of experience in structuring, trading, investment management, accounting and regulatory and legal requirements. We have global reach through our investment professionals based in London, New York, Tokyo, Singapore and Sydney.

Our investment philosophy is to continuously improve upon established ideas and flexibly adapt to changing market dynamics. We have integrated our business and infrastructure platforms to enable a cross-border approach that is unique in investment management. The team focuses on four distinct yet harmonised functions:

• Fund Structuring works with clients to define, develop and execute customised solutions
• Fund Management is responsible for the asset and risk management of each fund in accordance with its objectives, investment policies and regulatory guidelines
• Portfolio Engineering creates investment strategies and methodologies in accordance with our investment philosophy, with a focus on asset class neutral models and performance consistency
• Trading manages the re-balancing, risk exposure and execution of portfolios in a way that enhances alpha generation and reduces transaction impact on the strategy returns