Long/short Asia launch for Gartmore

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Gartmore is to launch AlphaGen Pictor, a long/short Asia and emerging markets vehicle to be run by C...

Gartmore is to launch AlphaGen Pictor, a long/short Asia and emerging markets vehicle to be run by Chris Palmer and Seok Teoh, in July. The fund will be run along the model used for the $40m Key Emerging portfolio. This is a mandate the pair have run for Key Asset Management since last May, with some success, the fund having returned around 8.5% on a gross basis at a time when the S&P IFCI index was down by more than 25%. The fund will be non-directional in nature, with a maximum gross position of no more than 200% of NAV. The focus will be on stockpicking, with a blend of long-term s...

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