Flynn raises $70m for hedge fund

The capital has come primarily from private contacts: senior people working in technology and company executives who who want some contact with the industry. Flynn recruited Fidelity's Edgar Allen to help her manage the long portfolio while Goldman Sachs trader Gareth Hodgson will run the short book for the fund, which is to be called the Avocet European Technology fund. The fund was originally backed by Mike Lynch, chief executive of software company Autonomy, and entrepreneur Peter Dubens. Flynn will actively promote inter-investor meetings, and an important part of the value of this ...