Europe South Asia Asia Pacific Americas Middle East Africa BBC Homepage World Service Education

Front Page



UK Politics







Talking Point

In Depth

On Air

Low Graphics

Saturday, July 24, 1999 Published at 16:57 GMT 17:57 UK


City 'superwoman' tops investment table

Nicola Horlick: New business has made a flying start

Nicola Horlick has emerged as the most successful investment manager in the City - only six months after returning to work following the death of her eldest daughter.

The high flyer, who has been described as "superwoman" for juggling a large family and a lucrative financial career, beat 64 other fund managers to top the prestigious league tables, The Guardian reports.

Ms Horlick hit the headlines in 1997 when she was suspended by Morgan Grenfell for alleged disloyalty.

Daughter tragedy

She flew to the company's headquarters in Germany, followed by newspaper photographers, as part of her campaign to get her job back.

In January, she launched the UK arm of Société Générale Asset Management (SGAM), which invests large sums for institutions such as pension funds.

Last November her 12-year-old daughter Georgina died of leukaemia, a disease she was diagnosed with at the age of two.

Ms Horlick and her husband Tim, another City banker have four younger children and are expecting another baby this summer.

Utilities boost

The Guardian reports that she has helped to attract some £2.5bn of funds into the new business venture that she founded with her former colleagues Keith Percy and John Richards.

The league tables produced by Combined Actuarial Performance Services, are the first full year's figures to be published since SGAM was established.

For every pound they invested they earned 15.4p profit - 6.2p more than the average and 13p more than most building society accounts.

The paper reports that it is understood the group's record was boosted by selling shares in utility companies such as electricity and water firms when they were highly rated and buying others that looked likely to benefit most when stock markets recovered from the shock of the Russian debt default and the rescue of a huge hedge rescue fund.

Advanced options | Search tips

Back to top | BBC News Home | BBC Homepage | ©

Business Contents

Your Money
Market Data
Business Basics

Relevant Stories

28 Nov 98 | UK
Daughter of City 'superwoman' dies

Internet Links

Leukaemia Research Fund

The BBC is not responsible for the content of external internet sites.

In this section

Microsoft trial mediator welcomed

Vodafone takeover battle heats up

EU fraud: a billion dollar bill

NatWest bid timetable frozen

No longer Liffe as we know it

France faces EU action over electricity

Inquiry into energy provider loyalty

The growing threat of internet fraud

Christmas turkey strike vote

Brown considers IMF job

Train robbery game hope for SCi

From Sport
League to rule on Sky shares

Mannesmann fights back

Online share dealing triples

Chinese imports boost US trade gap

Pace enters US cable heartland

The rapid rise of Vodafone

Storehouse splits up Mothercare and Bhs

Brown's bulging war-chest

The hidden shopping bills

Europe's top net stock

House passes US budget

Rate fears as sales soar

Safeway faces cash demand probe

Mitchell intervenes to help shipyard

Maxwell pledge to pensioners

Power cuts spark union warning

New factory creates 500 jobs

Drugs company announces 300 jobs

Oil reaches nine-year high

'Asian management culture must change'

US 'prepared for Millennium Bug'

Gucci on a spending spree