Threadneedle adds fourth to Cresendo range

Threadneedle Asset Management is planning to launch a fourth hedge fund within the next few weeks as part of an expansion of its Cres- cendo range. The product, which will be run by Mike Corcell, is expected to be a long/short equity fund looking to achieve capital growth by active stock picking in the US market. Corcell, who joined the company last October and has experience as both an analyst and portfolio manager, will be assisted by the fund's deputy manager Stephen Moore. It is understood the new launch will be managed along similar investment principles to the other three funds wh...