Threadneedle Asset Management is planning to launch a fourth hedge fund within the next few weeks as...
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 which have already taken their place in the range.
Lorin Gresser, head of alternative business at Threadneedle, said: "We have a very strong investment process based on teamwork, integrated research, dynamic style and risk control."
More than half of people over the age of 55 see financial security as a top priority in retirement, yet a third allocate more time to buying a new car, research from Legal & General (L&G) has found.
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Alongside Barrett, Hopkins, Boston and Thorman on 17 October