Tilney focus on European equities

Standard Life's former head of European equities, Leon de Jerez, is now in his second year of running Tilney's OneEurope hedge fund. De Jerez, who worked at Standard from 1990-1999, is now chief investment officer at Tilney Capital Management (TCM) and runs its long/short fund. He said: "Basically, the fund is focused on extracting alpha returns. That is, we examine individual stocks with the aim of picking 'long' winners and 'short' losers." Launched in October 1999, it is a non-directional long/short European equity fund which aims to deliver sustainable returns of 12% to 15% a ...