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.

Ruby Wax slams GAM tech fund manager

3 comments
Ruby Wax slams GAM tech fund manager

GAM director Mark Hawtin has been slammed by Ruby Wax over his plans to build a basement extension at his Notting Hill home. 

According to the Evening Standard, Hawtin has upset the locals by seeking permission to create a second basement extension on the property, which is reported to be worth £8 million.  

The paper claims Hawtin wants the extension to house a gym, an office, kitchen and family room.  

The local community has described the move as an ‘unauthorised land grab’ highlighting it excavates public land 5.5 feet under a pavement.

Comedian Wax (pictured), who lives nearby, is among those most irate. She told the Standard: ‘I think it’s revolting. There is a really problem with the “whose kitchen is the largest” mentality. I know people who have built vineyards under their houses.

She added: ‘If you want a large house, go and live in Hampstead. We have to get behind this push to stop the plans. If we don’t the situation will get worse and worse.’

Meanwhile the author of international bestseller Notting Hill Rachael Johnson, who lives opposite, described the plans as a ‘disaster’ while highlighting residents could face up to ‘78 weeks of disruption and 58 lorry movements’.

Residents are said to have met on Monday night to discuss how they can convince Chelsea and Kensington councils to refuse Hawtin planning permission.  

While the Standard was unable reach Hawtin, who is out of the country, it managed to contact his architect Tom Croft who said council planners had no objections to the extension and that they had ‘gone out of their way’ to keep neighbours informed.

Hawtin was a partner at hedge fund giant Marshall Wace Asset Management before he joined GAM in 2008 where he runs the GAM Star Technology fund, which launched in February 2011. He also manages a European absolute return equity fund.  

According to Lipper the tech fund has suffered a loss of -1.1% in 12 months to 8 April versus a 0.1% decline of in the FTSE AW/Technology index.  

Wealth Manager could not reach Croft or Hawtin for comment

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 WMR: Why Russia will lose this war

WMR: Why Russia will lose this war

Author and journalist Adam Lebor believes a perfect storm is brewing when it comes to the Russian economy. .

Play WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

Chief economic adviser to London mayor Boris Johnson outlines the geo-political risks in Asia and explains why the risk of another eurozone crisis must not be underestimated.

Play Japan's slump, the umbrella revolution and the battle for Brazil

Japan's slump, the umbrella revolution and the battle for Brazil

With the arrows of Abenomics appearing to be missing their targets and political uncertainty rife in Hong Kong and Brazil we take a look at investor sentiment in this week's Investment Pulse

Your Business: Cover Star Club

Profile: The adviser that tempted Robin Minter-Kemp on board

Profile: The adviser that tempted Robin Minter-Kemp on board

It is rare to meet an impassioned individual who is willing to bang the drum for investment advisory right now

Wealth Manager on Twitter