Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

George Osborne's brother to launch fund targeting tech start-ups

George Osborne's brother to launch fund targeting tech start-ups

Theo Osborne, the chancellor's younger brother is planning to launch an investment fund targeting tech start-ups.  

In an interview with the Evening Standard, Osborne outlined his plans to launch the Force Over Mass fund. Accelerator fund, which will typically invest in high growth, innovative early stage businesses.

Osborne, who co-founded Force Over Mass LLP along with Martijn De Wever, a former credit trader at HSBC, said the launch was expected in a couple of months.

'There’s been a big exodus from Silicon Valley, especially for tech start-ups, which are coming to London. There’s a real co-working revolution going on here,' he told the Evening Standard

'[The new company] is a bridge between tech and finance and it’s going to be really awesome. Find them, fund them, then mentor them.'

De Wever left HSBC in June 2013 according to FCA register, and the partnership received regulatory approval in Novermber 2013.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Commodity conundrum, beleaguered bonds and a US dilemma

Commodity conundrum, beleaguered bonds and a US dilemma

This week’s episode of Investment Pulse looks at the impact of falling commodity prices on banks, dangers of negative yield curves and whether US equities can continue to deliver.

Play Mirabaud's Pyshkin: The US will continue to grow dividends

Mirabaud's Pyshkin: The US will continue to grow dividends

The global equity income manager has invested half of his fund here.

Play Potential US rate rise, cheap oil & the Europe opportunity

Potential US rate rise, cheap oil & the Europe opportunity

This week we analyse the implications of a possible rise in US interest rates, the impact of cheap oil and the European equity opportunity.  

Wealth Manager on Twitter