Former Formula Oneౠ team boss Eddie Jordan has bee𒅌n appointed as director and key shareholder of London-based hedge fund Clareville Capital in an attempt to help it expand.

The Irishman, who started his business life as a banker before jacking it in for a future in motorsport, joins Conservative party treasurer - and founder of rally sponsor Jardine Lloyd Thompson - Jonathan Marland and Carphone Warehouse founder Charles Dunstoneꦦ on the new-look five-man board, which has taken a 49 per cent stake in the business. ༺Clareville manager David Yarrow retains the other 51 per cent.

"I've been very happy running this fund for nine years," Yarrow told Britain's Sunday Times newspaper, "but now the opportunities are so much wider and greater, particularly internationally. At our current size𒅌, we are t🏅oo small to properly take advantage of this. We're really going to go for it now."

The group, which currently has ??450m in three main funds and employs 23🐼 people, hopes that the new-look board will attract investors to help it expand and diversify, and has launched a⛦ new equity fund called Shackleton to open the programme.