John N. Tappenden

Mr. John N.
Tappenden started his career in 1978 with Grieveson Grant & Co (later taken over by Kleinwort Benson) as a Portfolio Manager in the Private Banking Division, responsible for portfolio management (including international equities and bonds).
In 1985, he joined the Kleinwort Benson Investment Funds Division and in 1986 became the Director in charge of the team, responsible for sales, market making, research, and new issues.
In 1989, Mr. Tappenden then joined SG Warburg Investment Funds Division (later to become a part of UBS AG) as a Director specializing in institutional sales of closed-end funds.
In 2002, within UBS he became the Director of investment funds responsible for the proprietary trading of investment trusts, US closed-ended funds, offshore funds and unit trusts.
During this period, he developed hedging techniques using traditional options, over the counter derivatives, futures and currencies.
In 2005, he joined Cayenne Asset Management Ltd.
as a Fund Manager.