Cazenove is one of the oldest names in the financial community, tracing its origins back to 1823. CEO Andrew Ross talks about what he sees as the key challenges facing the hedge funds industry.

Having de-merged from the investment banking business in 2005, Cazenove Capital Management is an independent asset management business. The group manages £14.3 billion on behalf of its clients.

Ross gives his views on the introduction of regulation and increased oversight of the hedge funds industry and how he thinks it will impact performance and costs. He also comments on the relative attractions of regulated funds including Ucits products.

In a frank exchange of views he explains the philosophy behind Cazenove and what he sees as the most important qualities of a good asset management business as well as what characteristics he looks for in portfolio managers.

During the financial crisis Cazenove experienced high redemptions. Ross explains what he has done to ensure large net outflows are minimised in future.

Ross also explains how significant employee ownership of the company makes a difference for the company as well as investors.

Looking ahead Ross gives his views on how the industry will develop and says what he has learnt from the financial crisis.