Originally Posted by frally:
“I can't see why anyone would want to invest in a wine fund run by Tom even if he was backed by LS ; neither of them have a proven track record or even professional investment management qualifications. And if Tom was so good, he could launch a fund with his daddy's current company.”
“I can't see why anyone would want to invest in a wine fund run by Tom even if he was backed by LS ; neither of them have a proven track record or even professional investment management qualifications. And if Tom was so good, he could launch a fund with his daddy's current company.”
No, he couldn't. The company is successful but relatively small (about £3.5m turnover pa, I believe). Tom said in the final he needs to raise £25m to get his hedge fund off the ground - which, in these terms, is still pretty small.
As I understand it, Tom's investment strategy for the hedge fund is basically the same as he currently uses to make his wine investments - and successfully so. That's his track record. Where he lacks experience (as does Sugar) is in the financial and legal intricacies of setting up the hedge fund, as was identified by Claude. But I know of at least one interested party (a friend of a friend) who has already expressed an initial interest in helping to do exactly this. You can't see why anyone would want to invest in Tom - but I know of someone who is. It may never happen, but there IS interest out there. And now that he has appeared in the final, even though he lost, the exposure will undoubtedly help him attract investors now.
Before The Apprentice, Tom was nobody to potential City investors. Now, because he has been on TV, he has some leverage - or at least awareness.



