MLIM plans pan Europe hedge launch

Merrill Lynch Investment Managers (MLIM) is to launch a pan European hedge fund, writes Robert Stock. The fund will be managed by a three-person team including Peter Davies, whose onshore UK Dynamic Fund received an AAA rating from S&P in October. The Cayman Islands domiciled fund will adopt a long/short strategy with Davies investing the UK portion of the fund with fund managers Michel Legros and Samuel Joab running the Continental European element. The hedge fund will be capped at E500m and is designed to cater mainly for the expanding group of high net worth individuals and to tap int...