SGAM to launch hedge fund range in September

SG Asset Management (SGAM) is to launch a series of hedge funds from September, the first of which will be a European long/short portfolio. The funds will be part of the group's alternative investment division, launched in July. Arie Assayag, SGAM's global head of hedge funds, said the division 'has the objective to build a group of hedge fund strategies including long/short equity, relative value and directional strategies'. It also plans to launch a number of single strategy funds and funds of hedge funds, later this year. The portfolios will be available to external investors as ...