The entry of retail fund management companies into hedge funds continues with Foreign & Colonial (F&...
The entry of retail fund management companies into hedge funds continues with Foreign & Colonial (F&C) and Aberdeen.
F&C is set to launch its first two hedge funds this autumn, an emerging markets equity long/short fund and an equity volatility portfolio.
Stephen Dolbear, head of the structured products department at F&C, will manage the equity volatility fund, while David McIlroy will run the emerging markets portfolio.
Both funds will be aimed at institutions that are current clients of F&C.
The company is looking at an October launch and a third hedge fund is likely to follow.
Aberdeen Asset Managers is exploring the option of a single manager Japan portfolio, as reported in the 23 September issue of Investment Week.
The group is market testing the fund, which would be managed by head of Japan, Graeme Sinclair.
Meanwhile, ex-Morley head of alternatives, Philip Manduca is planning to start his own hedge fund business.
Manduca, who left Morley earlier in September after just two months at the group, quit following a switch in strategy with regard to its alternatives department.
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till