Harvey to launch open-ended fund

Recently formed Harvey Asset Management is launching its first fund, a Bermuda-registered open-ended investment company listed on the Luxembourg Stock Exchange. The Gunny fund is a global equity fund that focuses on companies with a market capitalisation of more than $500m. The investment approach combines a quantitative screen ­ based on dividend, cash flow and share price history ­ with both fundamental and technical analysis. Patrick Harvey, managing director of the group, said: "We look at a universe of 2,700 stocks listed on 24 exchanges in Europe, the Far East and the US and apply a...