Richard Horlick returns with Rothschild backing

The former Schroder Investment Management head of investment, Richard Horlick, is back under the guise of Spencer House Capital Management.

RIT’s Jacob Rothschild will chair the new venture, while Horlick will be chief executive. It will run long-only funds but with absolute return goals, marketing to institutional investors – pension funds among them. Former F&C and Morgan Stanley investment managers are reported to be already in place at the new firm.