Barclays Global Investors has launched a market neutral hedge fund focusing on the largest 500 stock...
Barclays Global Investors has launched a market neutral hedge fund focusing on the largest 500 stocks in developed Europe excluding the UK. It aims to return investors 10% annually above three month Libid, after fees on a volatility of 10% per annum. Jonathan Lamb, BGI's senior portfolio manager for market neutral strategies, said the portfolio will hold between 300 and 400 positions, and up to 3% in any one stock, with position sizes dependent on individual stock liquidity. The fund will invest in developed Europe, but currently not in Greece, where Lamb believes the costs of shorting...
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